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Fonterra capital structure shakeup needs watchdog tick
Farmer council listening along with everyone else before taking formal view.
Farmer council listening along with everyone else before taking formal view.
Farmers and unitholders have different ideas about risk and value.
Agriculture Minister Damien O'Connor committed to helping Fonterra get fast change.
Fonterra units resumed trading this morning.
Prospect of share price fall in a farmer-only market will challenge reform plan.
Fonterra's units could be on the way out if the co-ops proposals are adopted.
Proposals expected to address milk supply loss and high cost of entry.
Prices were mostly steady at today's GDT auction, reinforcing high milk price forecasts.
Fonterra has gone into an NZX trading halt.
Soprole overcame difficulties imposed by a weak economy and Covid-19.
Proposed 2037 end of industrial coal use ambitious and hard to meet.
If Fonterra's owners want to cut their capital exposure, the co-op might have to shrink.
S&P Global says strong demand is pushing up the cost of raw milk in China.
Fonterra needs to explore all, and new, pathways to capital.
High milk prices will make for a challenging second half for the co-op.
The co-op also said it would pay a 5c interim dividend.
Chinese created 150,000 online greetings posters using Anchor designs.
Rotorua companies had pivoted to make the most of every opportunity.
Fonterra has lifted its milk price forecast to a $7.60/kg mid point.
Forecasts up to 40 cents above Fonterra's current forecast range.
New Fonterra chairman has sights on financial performance and capital structure.
Cows have been cleared from 16 Fonterra farms to dispose of polluted wastewater.
Move follows the sixth positive Global Dairy Trade (GDT) auction result in a row.
A similar fault occurred in 2008 when 110,000 litres were accidentally discharged.
Watch this space says Fonterra on debut into adult mental wellbeing support.
Westpac has lifted its farmgate milk price forecast by 50 cents.
Economists expect milk prices to hit the top end of Fonterra's forecast range this season.
Fonterra is concerned by the West's worsening relations with China.
Fonterra donate five truckloads of water to fill empty pool for Tangiteroria.