by Ever.Ag | Feb 22, 2024 | Global, News
Fonterra is merging its Australian business and Fonterra Brands New Zealand (FBNZ) into Fonterra Oceania from 1 May 2024. FBNZ includes consumer brands and foodservice businesses in New Zealand, including brands Anchor, Mainland and Kāpiti. Announcing the merger in an...
by Ever.Ag | Aug 16, 2023 | Global, News
After reducing its forecast milk price forecast last week, Fonterra updated its FY23 earnings guidance, forecasting a full year dividend at the top end of its range of 65c – 80c per share. Fonterra is still in the process of finalising and auditing its FY23 numbers,...
by Ever.Ag | May 10, 2023 | Global, News
US dairy exports declined across most major product categories we track in March (except lactose, MPC, WPC80 and FFMP & Mixtures). We estimate that in milk solids equivalent (MSE) terms, shipments fell 5.9% YOY, a similar decline as in February. There were 41,678t...
by Ever.Ag | Apr 12, 2023 | Global, News
Rabobank’s first quarterly survey among NZ farmers has revealed confidence has lifted slightly since the previous survey in December but remain very low with a net confidence reading of -58%, up from -71%. The number of farmers expecting conditions to improve rose to...
by Ever.Ag | Mar 22, 2023 | Global, News
Fonterra announced interim FY2023 results, upgrading its top and bottom end range for its full year forecast earnings by NZ5c per share and announced a tax-free capital return of around 50c per share. The proposed tax-free capital return to farmers is subject to...
by Ever.Ag | Jun 15, 2022 | Global, News
The primary sector climate action partnership He Waka Eke Noa (HWEN) in New Zealand has released its draft framework to reduce agricultural greenhouse gas emissions, proposing to price farming emissions and incentivise reductions. Under the plan, farmers will pay for...
