Fonterra has announced an uplift of 50 cents to the 2022/23 forecast Farmgate Milk Price range to NZ$8.75-$10.25 per kgMS, and a 2022/23 earnings guidance range of 30-45 cents per share.
The Co-op also unveiled an organisational restructuring to accelerate its long-term strategy, including the creation of two new Fonterra Management Team roles and Kelvin Wickham's departure after 34 years with the Co-op.
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