News | Rural
1 Nov 2024 16:47
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  •   Home > News > Rural

    Fonterra's released its latest revised strategy, that will see it focus on selling ingredients to businesses, rather than finished food products to consumers

    Fonterra's released its latest revised strategy, that will see it focus on selling ingredients to businesses, rather than finished food products to consumers


    Fonterra
    Fonterra
    It follows its recent decision to explore options for selling off its consumer businesses.

    The dairy co-op's increasing its target average return on capital, from nine to ten percent, to ten to 12 percent.

    It's changing its dividend policy, from 40 to 60 percent of earnings, to 60 to 80-percent.

    Chairman Peter McBride says the company remains committed to maintaining the maximum sustainable Farmgate Milk Price.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     22 Oct: A big player in the dairy industry both in New Zealand and abroad, Theo Spierings , has died
     30 Sep: Fonterra is being sued - accused of greenwashing
     25 Sep: Things are looking on the up for the dairy sector
     25 Sep: Christmas is coming early for dairy farmers
     18 Sep: Fonterra is investing 150-million-dollars into a new cool store at its Whareroa site in Taranaki
     18 Sep: Dairy prices have risen 0.8 percent at the latest Global Dairy Trade auction overnight
     17 Sep: A better outlook than anticipated for dairy farmers
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