Fonterra

Strong debate on Fonterra trimming board

Strong debate on Fonterra trimming board

A proposal to slash the size of the Fonterra board from 13 to nine came in for hot debate by shareholders at the co-operative's annual meeting yesterday in the small Waikato town of Waitoa.

Lofty targets set for China

Lofty targets set for China

Fonterra Co-operative Group, the world's largest dairy exporter, has set targets of becoming the No1 dairy player in China and doubling its business in the country to $10 billion within the next five years.

Fonterra lifts forecast; 835 staff gone

Fonterra lifts forecast; 835 staff gone

An improved financial performance has led Fonterra to lift its forecast earnings-per-share range by 5c to 45c-55c, as it continues to cut costs.

Fonterra ups payout after $506m profit

Fonterra ups payout after $506m profit

Dairy giant Fonterra says its net profit after tax came to $506 million in the year to July 31, up 183% from the previous year's profit, and has raised its forecast payout for the current season.

Fonterra loan now open

Applications have opened for cash strapped Fonterra shareholders to apply for an interest free loan to help deal with the tough financial climate.

Fonterra deputy chairman role for Otago farmer

Fonterra deputy chairman role for Otago farmer

Otago dairy farmer Greg Kirkwood has been elected deputy chairman of the Fonterra Shareholders Council.

Failure not an option

For a long time, dairy co-operative Fonterra was regarded as the shining light of the New Zealand economy.

Fonterra cuts dairy payout forecast

Fonterra cuts dairy payout forecast

Fonterra has cut its forecast farmgate milk price for the current season to $4.50 a kg of milk solids from $4.70 because of volatility in world markets caused by oversupply, with much of it coming from New Zealand.

Fonterra cuts milk volume forecast

Fonterra says it has cut its milk volume forecast for the 2014-15 season to 1,532 million kg of milksolids, reflecting the impact of dry weather on production in recent weeks.

Milk collection up; dry fears

Fonterra's New Zealand collection is 4% higher for the season to date but the dairy co-operative issued a warning about the effect dry conditions were having on the east coast of the South Island.

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