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Fonterra Co-Operative Group Ltd (FCG.NZ)

FCG.NZ on New Zealand Stock Exchange

6.51NZD
19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Fonterra Co-Operative Group Says New Zealand Milk Collections In Dec Declined By 6 Pct‍​
Monday, 15 Jan 2018 03:55pm EST 

Jan 16 (Reuters) - Fonterra Co-Operative Group Ltd ::DEC MILK COLLECTION IN AUSTRALIA REACHED 16 MILLION KGMS, 28% HIGHER THAN DEC LAST SEASON ‍​.CO’S MILK COLLECTION ACROSS NEW ZEALAND FOR 7-MONTH TO 31 DEC 878 MILLION KGMS, SLIGHTLY DOWN ON SAME PERIOD LAST SEASON‍​.FONTERRA’S NEW ZEALAND MILK COLLECTIONS IN DECEMBER DECLINED BY 10 MILLION KGMS OR 6%‍​.FONTERRA CO-OPERATIVE GROUP-"RECENT WET CONDITIONS HAVE HELPED IN SOME REGIONS, IT IS UNLIKELY TO BE ENOUGH TO BRING PRODUCTION BACK TO PREVIOUSLY ANTICIPATED LEVELS".FORECAST FARMGATE MILK PRICE FOR THE SEASON REMAINS AT $6.40 PER KGMS‍​.ALL FIGURES IN NZ$‍​.  Full Article

Fonterra Lowers Forecast For NZ Milk Collections For Current 2017/2018 Season
Thursday, 28 Dec 2017 11:27pm EST 

Dec 29 (Reuters) - Fonterra Shareholders' Fund ::REVISED FORECAST FOR ITS NEW ZEALAND MILK COLLECTIONS FOR CURRENT 2017/2018 SEASON TO 1,480 KILOGRAMS OF MILK SOLIDS ​.‍REVISED FORECAST OF 1,480 KGMS IS DOWN AROUND 4% ON 2016/2017 SEASON​.EVEN IF RAIN FORECAST FOR EARLY 2018 EVENTUATES, IT WON'T BE ENOUGH TO BRING PRODUCTION BACK TO PREVIOUSLY ANTICIPATED LEVELS.‍REVISED NEW ZEALAND MILK COLLECTIONS FORECAST DOWN FROM CO'S FORECAST IN NOV OF 1,525 KG MS ​.  Full Article

Fonterra Co-Operative Group Ltd Says Total NZ Dairy Exports In Oct Decreased 7 Pct
Wednesday, 20 Dec 2017 02:30pm EST 

Dec 21 (Reuters) - Fonterra Co-Operative Group Ltd ::TOTAL NEW ZEALAND DAIRY EXPORTS IN OCTOBER DECREASED 7%, OR 23,000 MT, COMPARED TO THE SAME MONTH LAST YEAR.AUSTRALIAN DAIRY EXPORTS INCREASED 12%, IN OCTOBER COMPARED TO THE SAME MONTH LAST YEAR.TOTAL NEW ZEALAND MILK PRODUCTION IN NOVEMBER WAS UP 4% COMPARED TO THE SAME MONTH LAST YEAR.AUSTRALIA PRODUCTION IN OCTOBER INCREASED 7% COMPARED TO THE SAME MONTH LAST YEAR.MILK COLLECTION ACROSS NEW ZEALAND FOR THE 6 MONTHS TO 30 NOV 702 MILLION KGMS, UP 1% ABOVE SAME PERIOD LAST SEASON."THE FORECAST MILK COLLECTION FOR THE SEASON HAS ALSO BEEN REDUCED TO 1,525 MILLION KGMS IN LINE WITH THE PREVIOUS SEASON".TOTAL AVAILABLE FOR PAYOUT TO FARMERS IN THE 2017/18 SEASON IS FORECAST TO BE NZ$6.75‑NZ$6.85 BEFORE RETENTIONS.  Full Article

Fonterra Shareholders' Fund reduces forecast Farmgate Milk Price for 2017/18
Wednesday, 6 Dec 2017 03:49am EST 

Dec 6 (Reuters) - Fonterra Shareholders' Fund ::‍REDUCED ITS FORECAST FARMGATE MILK PRICE FOR 2017/18 SEASON FROM $6.75 TO $6.40 PER KGMS​."‍UPDATED ITS FULL SEASON NEW ZEALAND MILK COLLECTION FORECAST DUE TO ONGOING CHALLENGING WEATHER CONDITIONS"​.CO-OPERATIVE HAS REDUCED ITS FORECAST FOR FULL SEASON BY 1 PER CENT TO 1,525 MILLION KGMS - SAME VOLUME AS LAST SEASON​.‍Q1 REVENUE OF $4 BILLION IS UP 4 PER CENT ON SAME PERIOD LAST YEAR​.‍Q1 SALES VOLUMES ARE DOWN 20 % TO 3.9 BILLION LIQUID MILK EQUIVALENT (LME), WHILE GROSS MARGIN OF 16.7 PER CENT IS ALSO DOWN​.FOR BALANCE OF 2018 REDUCED FORECAST EARNINGS FROM 45-55 CENTS TO 35-45 CENTS PER SHARE.ALL FIGURES IN NZ$​.  Full Article

Fonterra Co-Operative ‍Revises Earnings Forecast After Outcome Of Danone Arbitration​
Thursday, 30 Nov 2017 07:55pm EST 

Dec 1 (Reuters) - Fonterra Co-Operative Group Ltd ::ANNOUNCES OUTCOME OF DANONE ARBITRATION​.‍DECISION HAS NO IMPACT ON FORECAST FARMGATE MILK PRICE​.MADE A DECISION TO REVISE ITS FORECAST EARNINGS PER SHARE RANGE FOR 2017/18 FINANCIAL YEAR TO 35 TO 45 CENTS, DOWN FROM 45 TO 55 CENTS​.  Full Article

Fonterra Confirms Amount Of Award In Arbitration Proceedings​
Thursday, 30 Nov 2017 06:19pm EST 

Dec 1 (Reuters) - Fonterra Co-Operative Group Ltd ::‍FONTERRA CONFIRMS AMOUNT OF AWARD IN ARBITRATION PROCEEDINGS​.‍FONTERRA IS AWARE THAT DANONE HAS INDICATED THAT IT HAS BEEN AWARDED DAMAGES IN AMOUNT OF NZ$183 MILLION IN ARBITRATION​.‍FONTERRA CAN CONFIRM THAT THIS IS AMOUNT OF AWARD AND IS CURRENTLY CONSIDERING FULL FINANCIAL IMPLICATIONS OF AWARD​.  Full Article

Danone Says Co Awarded Damages Of €105 Mln To Be Paid Immediately By Fonterra ‍​
Thursday, 30 Nov 2017 05:48pm EST 

Dec 1 (Reuters) - Danone SA ::AWARDED DAMAGES OF €105 MILLION TO BE PAID IMMEDIATELY BY FONTERRA FOR COSTS SUFFERED AS A RESULT OF FONTERRA FOOD SAFETY FAILURES OF 2013. ‍​.  Full Article

Fonterra Requests Temporary Trading Halt
Thursday, 30 Nov 2017 02:32pm EST 

Dec 1 (Reuters) - Fonterra Co-Operative Group Ltd ::FONTERRA REQUESTS TEMPORARY TRADING HALT.‍REQUEST HAS BEEN MADE TO GIVE FONTERRA TIME TO CONSIDER OUTCOME OF ITS ARBITRATION WITH DANONE ​.‍FONTERRA HAS BEEN ADVISED THAT IT WILL RECEIVE ARBITRATION TRIBUNAL'S DECISION TODAY​.‍ARBITRATION WITH DANONE REGARDING FONTERRA'S 2013 WHEY PROTEIN CONCENTRATE PRECAUTIONARY RECALL.​.‍FONTERRA HAS BEEN ADVISED THAT IT WILL RECEIVE ARBITRATION TRIBUNAL'S DECISION ON DEC 1.WILL NOT BE IN A POSITION TO IMMEDIATELY ASSESS ANY FINANCIAL IMPLICATIONS AND ADVISE MARKET ON TRIBUNAL'S DECISION​.‍REMAINS IN A STRONG FINANCIAL POSITION AND ANY DAMAGES AWARD WILL NOT AFFECT OUR ABILITY TO OPERATE​.  Full Article

Fonterra Co-operative Group says total New Zealand milk production in Oct up 3 pct
Monday, 20 Nov 2017 06:06pm EST 

Nov 21 (Reuters) - Fonterra Co-operative Group Ltd :Australian dairy exports in September decreased 3 percent‍​.Us dairy exports decreased 6 percent in September‍​.September total new zealand dairy exports down 7 percent ‍​.EU dairy exports in July were up 10 percent, or 40,000 mt‍​.China dairy imports increased 34 percent, or 53,000 mt, in September‍​.EU production in September increased 5 percent; us production in september increased 1%‍​.Fonterra co-operative group- total new zealand milk production in oct up 3 percent & australia milk production in sept was down 1 percent.Asia (excluding china) dairy import volumes increased 3% in july ​.Middle east and africa dairy imports down 3%, in july ‍​.Latin america’s dairy import volumes were flat in july‍​.  Full Article

Fonterra Co-Operative Group says budgeted total operating costs for FY2018 NZ$2.4 mln
Wednesday, 1 Nov 2017 03:43pm EDT 

Nov 2 (Reuters) - Fonterra Co-operative Group Ltd ::Budgeted total operating costs for FY2018 NZ$2.4 million.  Full Article

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