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

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.