Fonterra completes reset, announces annual results and long-term growth plan out to 2030
Annual Results Summary
- Total pay-out for 2020/21 season: $7.74 per kgMS
- Final 2020/21 Farmgate Milk Price: $7.54 per kgMS
- 2020/21 dividend: 20 cents per share, comprised of 5 cent interim dividend and 15 cent final dividend
Farmer feedback set to
shape revised capital structure proposal
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 agrees sale of China JV farms
Fonterra has agreed the sale of its two joint venture farms in China, with the sale expected to be completed on 30 June.
Fonterra sets opening 2021/22
forecast Farmgate Milk Price
and updates on business performance
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.
Fonterra starts consultation on capital structure
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 enters trading halt
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 completes sale of two China farms
Fonterra has today completed the sale of its two wholly owned China farming hubs in Ying and Yutian.
Fonterra lifts its 2020/21 forecast Farmgate Milk Price range
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 joins forces with DSM to lower carbon footprint
Fonterra and Royal DSM, a global science-based company active in health, nutrition and sustainable living, are teaming up to work on reducing on-farm greenhouse gas (GHG) emissions in New Zealand.