Farmgate Milk Price

Fonterra's Te Rapa plant was one of those benefiting from investments.

Fonterra 2017 revenue up but profits fall 15%

By Jim Cornall

Fonterra has announced its 2017 annual results, which show revenue up to NZ$19.2bn (US$14bn), but net profit after tax dropped by NZ$745m (US$542m), an 11% reduction.

Fonterra has published its first half results, with net profit after tax rising by 2%.

Fonterra first half profits rise

By Jim Cornall

Fonterra ended the first half of its 2017 financial year with revenue up 5% to NZ9.2bn (US$6.5bn) on the same period last year, and net profit after tax up 2%.

NFU Scotland is calling on milk purchasing companies to immediately increase the price being paid for milk from farmers following the upward trend in prices. Pic: ©iStock/Liquid_Light

NFU Scotland says milk buyers ignoring higher prices

By Jim Cornall

National Farmers’ Union (NFU) Scotland is calling on all Scottish companies purchasing milk to immediately recognize the strength of current dairy markets and return Scotland’s dairy farmers to profitable production.

Fonterra is dropping its milk price again by 6%

Fonterra drops milk price again

By Jim Cornall

Fonterra has reduced its forecast farmgate milk price for the 2015/16 season by 6% from $2.80 (NZ$4.15) per kgMS to $2.63 (NZ$3.90) per kgMS.

First Milk

First Milk drops prices again

By Jenny Eagle

First Milk has made further price cuts based on what it claims are falling commodity prices and continued decline in UK market returns.