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Fonterra reports strong earnings amid challenges in FY23

New Zealand dairy giant Fonterra announced its financial results for the fiscal year ending on 31 July 2023, with full-year earnings of 95 cents per share, with a profit after tax of $1.6 billion and a final Farmgate Milk Price of $8.22 per kgMS for the 2022/23 season. 

Fonterra says soaring cheese prices drove half year sales to $546m

New Zealand dairy giant Fonterra has reported a 50 per cent spike in its first-half profit, totalling NZD 546 million (AUD 506 million), owing mostly to favourable margins in the company’s cheese and protein portfolios. 

Dairy giant Fonterra to build $141m plant in Australia

Fonterra has announced that it will invest $141 million to build a new cheese plant at its Stanhope factory in Victoria. According to the official...

Murray Goulburn set to expand Devondale brand abroad

Devondale Murray Goulburn, Australia’s largest dairy food company, has announced a $91 million investment in its Cobram facility, with the significant upgrade expected to...

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