
Fonterra heavily revises up 2023 earnings prospects
Heavy upward revision for Fonterra's 2023 earnings forecasts.
Heavy upward revision for Fonterra's 2023 earnings forecasts.
Fonterra has cut its milk price forecast to a mid-point of $9.25/kg.
'If successful, this project could be replicated across a number of NZ businesses.'
Cabinet has delegated the decision over Fonterra's plan to the agriculture minister.
Fonterra says its operations in Sri Lanka are continuing despite economic challenges.
France's Danone has won FDA approval to send NZ made formula to the US.
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National's trade spokesman Todd McClay gave the deal a '6 out of 10'.
The deal took four years of often torturous negotiations.
Exporters as a whole have continued to focus on furthering their reach into China.
Dairy co-operative plans to buy back its own shares from June 30.
Fonterra will actively support liquidity in its tradeable shares on an interim basis.
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The world's biggest dairy exporter is shut out of the US finished infant formula market.
Latest dairy manufacturing entrant will need to get out its cheque book.
China's lockdowns played a part in Fonterra's move to trim its milk price forecast.
Very strong dairy prices have seen farmers reduce debt, the Reserve Bank says.
Sharp rise despite lockdowns, rising interest rates, talk of US recession.
Fonterra-owned Chilean food group Soprole is up for sale.
Government's idea of "right balance" likely to be revealed by June.
"Instrumental" executive to leave at the end of the year.
Fonterra's turnaround continues despite paying high milk prices to farmers.
NZX milk price futures break over $10/kg for the first time since 2016.
The venture - Fonterra Future Dairy - was established in 2018 and has 22 employees.
Dairy prices are were once again sharply higher at this morning's auction.
Higher inflation caused by conflict in Ukraine could mean a faster rise in interest rates.
Westpac has revised up next year's milk price forecast after another strong dairy auction.
Free-range chicken breasts are often cheaper than once-humble mince.
Tourism looks set for another hard year, so good dairy industry news is welcome.
Fonterra would contribute $13.8 billion to the New Zealand economy this season.