Email: [email protected] Fonterra Co-operative Group Limited today announced an increase in its 2023 forecast earnings guidance and revised milk collections for the 2022/23 season.
CEO Miles Hurrell said the lift in forecast earnings was a continuation of the ongoing strong demand for dairy, driven by favourable pricing relativities between protein and cheese portfolios and whole milk powder.
Revised milk collections are due to the weather conditions experienced in some parts of New Zealand.
Fonterra is committed to its 2030 targets and is providing extra support to impacted farmers.
See more
