Miles Hurrell
Dairy giant Fonterra has paid its shareholder farmers a 15c interim dividend and now narrowed its forecast milk price range - although the 'midpoint' for this is still $7.80
21st Mar 24, 9:44am
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Dairy giant Fonterra has paid its shareholder farmers a 15c interim dividend and now narrowed its forecast milk price range - although the 'midpoint' for this is still $7.80
Dairy co-operative Fonterra raises its milk price for farmers by an implied 30 cents to $7.80 per kilogram of milk solids - meaning the early season slump in prices has been almost completely reversed
12th Feb 24, 9:13am
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Dairy co-operative Fonterra raises its milk price for farmers by an implied 30 cents to $7.80 per kilogram of milk solids - meaning the early season slump in prices has been almost completely reversed
Dairy giant Fonterra is now effectively forecasting a $7.50 per kilogram of milk solids price for its farmer suppliers - up 25c on its previous forecast, while its earnings forecast has been increased by an effective 5c a share
7th Dec 23, 9:10am
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Dairy giant Fonterra is now effectively forecasting a $7.50 per kilogram of milk solids price for its farmer suppliers - up 25c on its previous forecast, while its earnings forecast has been increased by an effective 5c a share
Fonterra says it will target a 30% reduction in greenhouse gas emissions per tonne of milk it collects
9th Nov 23, 11:58am
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Fonterra says it will target a 30% reduction in greenhouse gas emissions per tonne of milk it collects
Dairy giant Fonterra is now effectively forecasting a $7.25 per kilogram of milk solids price for its farmer suppliers - up 50c on its previous forecast
9th Oct 23, 9:10am
Dairy giant Fonterra is now effectively forecasting a $7.25 per kilogram of milk solids price for its farmer suppliers - up 50c on its previous forecast
Fonterra's after-tax profits have risen to $1.577 bln, with a full-year dividend of 50c per share and a final declared milk price of $8.22 per kilogram of milk solids
21st Sep 23, 8:56am
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Fonterra's after-tax profits have risen to $1.577 bln, with a full-year dividend of 50c per share and a final declared milk price of $8.22 per kilogram of milk solids
Details of a complicated capital return plan involving both a share buyback and a share split have been sent to Fonterra shareholders
21st Jun 23, 3:13pm
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Details of a complicated capital return plan involving both a share buyback and a share split have been sent to Fonterra shareholders
With just days to go to the end of the current season, Fonterra has downgraded its milk price forecast to an implied $8.20, while its first forecast price for the new season implies a price of $8; is promising a 'strong' dividend
25th May 23, 10:01am
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With just days to go to the end of the current season, Fonterra has downgraded its milk price forecast to an implied $8.20, while its first forecast price for the new season implies a price of $8; is promising a 'strong' dividend
Fonterra says earnings strong despite lower NZ milk volumes and ongoing market volatility. They say success is coming from scale and ability to shift milk to higher earning segments and products
16th Mar 23, 9:20am
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Fonterra says earnings strong despite lower NZ milk volumes and ongoing market volatility. They say success is coming from scale and ability to shift milk to higher earning segments and products
Fonterra says good margins in their ingredients business is driving a better profit performance, and it has upgraded current year earnings. But it has trimmed its payout milk price slightly
8th Dec 22, 9:07am
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Fonterra says good margins in their ingredients business is driving a better profit performance, and it has upgraded current year earnings. But it has trimmed its payout milk price slightly
Fonterra finally quits its Soprole business in Chile for about NZ$1 bln, and this will bring "a significant capital return to our shareholders and unitholders"
18th Nov 22, 8:42am
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Fonterra finally quits its Soprole business in Chile for about NZ$1 bln, and this will bring "a significant capital return to our shareholders and unitholders"
Fonterra reports 3% drop in after tax earnings to $583 million; retains forecast 2022/23 milk price range of $8.50–$10.00, with a midpoint of $9.25; will keep full ownership of Australian business
22nd Sep 22, 9:04am
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Fonterra reports 3% drop in after tax earnings to $583 million; retains forecast 2022/23 milk price range of $8.50–$10.00, with a midpoint of $9.25; will keep full ownership of Australian business
Unlike most analysts, Tony Morgan is not jaded on Fonterra and its endless history of under-performance. He sees a corner turned with NZ's largest corporate returning to more normal corporate health. He sees opportunity for investors
18th Sep 22, 2:06pm
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Unlike most analysts, Tony Morgan is not jaded on Fonterra and its endless history of under-performance. He sees a corner turned with NZ's largest corporate returning to more normal corporate health. He sees opportunity for investors
Fonterra's now signalling a farmgate milk price of $9.50 for the recently started season - which could be a new record
23rd Jun 22, 9:01am
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Fonterra's now signalling a farmgate milk price of $9.50 for the recently started season - which could be a new record
Fonterra is reporting lower earnings for the first nine months of the financial year in the face of margin pressures due to the high current milk price
26th May 22, 8:50am
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Fonterra is reporting lower earnings for the first nine months of the financial year in the face of margin pressures due to the high current milk price
Fonterra is now forecasting a farmgate milk price of between $9.10 and $9.50 - which will still be a record
9th May 22, 9:01am
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Fonterra is now forecasting a farmgate milk price of between $9.10 and $9.50 - which will still be a record
Fonterra is to close its office in Moscow and relocate staff elsewhere; confident of finding alternative markets for dairy products
21st Mar 22, 9:30am
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Fonterra is to close its office in Moscow and relocate staff elsewhere; confident of finding alternative markets for dairy products
Dairy co-operative Fonterra maintains its 'mid-price' milk price forecast of $9.60 and forecast earnings of 25c to 35c a share
17th Mar 22, 8:45am
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Dairy co-operative Fonterra maintains its 'mid-price' milk price forecast of $9.60 and forecast earnings of 25c to 35c a share
Fonterra ups its milk payout price forecast to a record high, even topping analyst estimates. This new level adds another $600 mln to farmer incomes taking the annual transfer to $13.8 bln. Their dividend will probably remain unchanged
25th Jan 22, 9:18am
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Fonterra ups its milk payout price forecast to a record high, even topping analyst estimates. This new level adds another $600 mln to farmer incomes taking the annual transfer to $13.8 bln. Their dividend will probably remain unchanged
Fonterra has trimmed its milk price forecast for the current season slightly and sees 'significant pressure on earnings' in the last quarter of the financial year
26th May 21, 9:05am
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Fonterra has trimmed its milk price forecast for the current season slightly and sees 'significant pressure on earnings' in the last quarter of the financial year
Dairy co-operative Fonterra has improved 'normalised' profit by 43% and paid a dividend of 5c but says the second half of the year will be affected by the rising costs of dairy products
17th Mar 21, 9:02am
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Dairy co-operative Fonterra has improved 'normalised' profit by 43% and paid a dividend of 5c but says the second half of the year will be affected by the rising costs of dairy products
David Hargreaves hopes that Fonterra's excellent recent work to recover its position won't be blown off course by the pressure higher milk costs will put on its margins
5th Mar 21, 1:23pm
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David Hargreaves hopes that Fonterra's excellent recent work to recover its position won't be blown off course by the pressure higher milk costs will put on its margins
Fonterra boosts price it expects to pay farmers by 20c per kilogram of milk solids on the back of continued global dairy price increases
3rd Feb 21, 9:07am
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Fonterra boosts price it expects to pay farmers by 20c per kilogram of milk solids on the back of continued global dairy price increases
Fonterra raises its 2020/2021 milk payout forecast to a mid-point of $7.00/kgMS, also says earnings rise on strong recovery in China's foodservice sector
4th Dec 20, 9:02am
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Fonterra raises its 2020/2021 milk payout forecast to a mid-point of $7.00/kgMS, also says earnings rise on strong recovery in China's foodservice sector
Fonterra's now picking a milk price for the current season in a higher range of $6.30 to $7.30 per kilogram of milk solids, giving a 'midpoint' forecast of $6.80
15th Oct 20, 8:53am
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Fonterra's now picking a milk price for the current season in a higher range of $6.30 to $7.30 per kilogram of milk solids, giving a 'midpoint' forecast of $6.80