News | Rural
9 Feb 2025 4:39
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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.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     06 Feb: KiwiRail and Fonterra are celebrating a full return of rail volume to Northland
     29 Jan: Fonterra is investing 150 million-dollars in electrification over the next 18 months
     15 Jan: Good news for dairy farmers - not so good for everyone else
     16 Dec: An early Christmas present for sheep farmers, with rising export prices for lamb
     05 Dec: Fonterra has raised the midpoint of its forecast Farmgate Milk Price, by 50 cents, to 10 dollars
     20 Nov: Dairy prices have risen another 1.9 percent at this morning's Global Dairy Trade auction
     12 Nov: Another global dairy giant could take over some of Fonterra's most well-known brands
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