Fonterra Sells Mainland Group to Lactalis as Milk Supply Rises and CEO Exits

The latest announcement is out from Fonterra Co-operative Group Limited ( (NZ:FCG) ).

Fonterra has completed the sale of its Mainland Group consumer and foodservice business to French dairy giant Lactalis, continuing its strategy of refocusing on its core ingredients and business-to-business operations. The co-operative also announced that CEO Miles Hurrell will step down, signalling a forthcoming leadership transition at a time of shifting global trade flows and production dynamics in the dairy sector.

Operationally, Fonterra reported higher milk collections in both New Zealand and Australia for February, aided by favourable weather, strong fodder reserves and steady feed costs, while overall New Zealand, EU and U.S. milk production and exports rose. Global demand signals were mixed, with dairy import volumes declining in key regions including China, Latin America, Asia, and the Middle East and Africa, underscoring a more challenging demand environment even as supply from major exporting regions grows.

More about Fonterra Co-operative Group Limited

Fonterra Co-operative Group Limited is a New Zealand-based dairy co-operative and one of the world’s largest dairy exporters. It focuses on collecting milk from farmers in New Zealand and Australia and processing it into products such as whole milk powder, skim milk powder, cheese, butter and specialised dairy ingredients for global markets including China, Asia, Latin America, the Middle East, Europe and the U.S.

Average Trading Volume: 190,983

Technical Sentiment Signal: Buy

Current Market Cap: N$9.91B

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