Dairy cooperative Fonterra says full-year earnings will be at the top end of its guidance range at between 25 and 35 cents a share, with a positive outlook for the sector.
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Full year financial results will be released in September. Photo: RNZ / YouTube

“While we are still in the process of finalising and auditing our FY22 numbers, we now have enough certainty overall to provide an update ahead of our annual results announcement in September,” chief executive Miles Hurrell said.

“We continue to see favourable supply and demand dynamics and remain well-positioned to keep delivering against our strategy.”

Fonterra will release its financial results for the year ending 31 July, on 22 September.

Wisconsin dairy farmers are reporting notifications from some cooperatives and milk buyers that new ‘market adjustments’ will be deducted from their milk checks.

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