Fonterra CEO Miles Hurrell says its recently announced lift in the 2020/21 forecast farmgate milk price range is a result of consistent strong demand for New Zealand dairy.
Fonterra farmers producing sustainable, high quality milk will be eligible for a new payment, as Fonterra announces important changes to the way it pays farmers for their milk.
Fonterra Co-operative Group has announced its 2020 interim results, which show the co-operative’s financial performance has improved with increased underlying earnings and reduced debt.
Fonterra Co-operative has reaffirmed its forecast farmgate milk price range at €3.96-4.30 per kgMS and its forecast full-year underlying earnings guidance of €0.085-0.14 per share.
Fonterra CEO Miles Hurrell has confirmed Judith Swales to the role of chief operating officer, global consumer and foodservice. This follows her appointment to the role in an acting capacity earlier this year.