Media releases

Fonterra Co-operative Group Ltd today increased its forecast Farmgate Milk Price and earnings guidance for FY24 following a strong start to the year.

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 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 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.

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 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 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. 

Fonterra Co-operative Group has today provided an update on its forecast normalised earnings for FY23 and full year dividend.

Fonterra Co-operative Group Limited (Fonterra) advises that it will allocate up to $50 million to an on-market share buyback programme, expected to commence in late August 2023.