Media releases

With the first phase of Fonterra’s capital structure consultation now complete, the Co-op is drawing up a revised proposal that aims to reflect farmers’ views.

Fonterra has agreed the sale of its two joint venture farms in China, with the sale expected to be completed on 30 June.

Fonterra today announced an opening forecast Farmgate Milk Price range for the 2021/22 season of $7.25 - $8.75 per kgMS, with a midpoint of $8 per kgMS.

Today Fonterra is starting a consultation process to seek farmer feedback on potential options to change its capital structure that could give farmers greater financial flexibility.

Fonterra Co-operative Group Limited (for itself and on behalf of the Fonterra Shareholders’ Fund) has requested a trading halt this morning to their respective ordinary shares and units.

Fonterra has today completed the sale of its two wholly owned China farming hubs in Ying and Yutian.

Fonterra Co-operative Group Limited today announced its 2021 Interim Results and they show the Co-operative has had a positive first half, resulting in a Total Group normalised EBIT of $684 million, normalised Profit After Tax of $418 million and a decision to pay an interim dividend of 5 cents alongside a strong forecast Farmgate Milk Price.

Fonterra Co-operative Group Limited today lifted its 2020/21 forecast Farmgate Milk Price range to NZD $7.30 - $7.90 per kgMS, up from NZD $6.90 - $7.50 per kgMS.

Fonterra Co-operative Group Limited today announced it has lifted the bottom end of its 2021 forecast earnings guidance and narrowed the range to 25-35 cents per share, from 20-35 cents per share.