Nestlé partnership sees extra payment offered to Fonterra farmers this season
One year on from announcing a partnership designed to help reduce on-farm emissions, Fonterra and Nestlé are pleased to confirm the next step they’re taking to support farmers with their sustainability actions.
Fonterra lifts forecast FY24 earnings and Farmgate Milk Price after strong Q1
Fonterra Co-operative Group Ltd today increased its forecast Farmgate Milk Price and earnings guidance for FY24 following a strong start to the year.
Independent Director Scott St John to retire from Fonterra Board
Fonterra Co-operative Group Ltd has today announced that after seven years as an Independent Director, Scott St John will step down from the Fonterra Board on 31 March 2024.
Fonterra announces climate plans for the future
Fonterra has taken a significant step towards achieving its climate ambitions today with the announcement of an on-farm emissions reduction target, and release of a Climate Roadmap and voluntary Climate-related Disclosure report.
Fonterra and Nestlé complete sale of DPA Brazil
Fonterra Co-operative Group Ltd can today confirm that the sale of Fonterra and Nestlé’s Dairy Partners Americas (DPA) Brazil joint venture* (JV) to French dairy company Lactalis is complete.
Fonterra CFO Neil Beaumont to leave Co-op
Fonterra has today announced that Chief Financial Officer Neil Beaumont is leaving the Co-operative.
Fonterra Revises FY24 Forecast Farmgate Milk Price
Add Fonterra Co-operative Group Ltd today raised the 2023/24 season forecast Farmgate Milk Price range to $6.50 - $8.00 per kgMS, with a new midpoint of $7.25 per kgMS, up 50 cents.
Fonterra announces FY23 Annual Results, strong full year dividend
Fonterra today announced its results for the financial year ending 31 July 2023, with full year reported earnings of 95 cents per share, reported profit after tax of $1.6 billion and a final 2022/23 season Farmgate Milk Price of $8.22 per kgMS.
Fonterra revises FY24 Forecast Farmgate Milk Price
Fonterra Co-operative Group has today reduced its 2023/24 season forecast Farmgate Milk Price range from $6.25 - $7.75 per kgMS, with a midpoint of $7.00 per kgMS, to $6.00 - $7.50 per kgMS with a midpoint of $6.75 per kgMS.