Fonterra's CEO on Earnings, Milk Prices, Beingmate

The video discusses Fonterra's financial performance over the past year, highlighting challenges such as weather events and increased input costs. Despite these, the company achieved strong results, benefiting farmers and shareholders. The discussion also covers global milk price trends, predicting stable but not drastic increases. Fonterra's strategic investments in China, particularly with Beingmate, are emphasized as crucial for their market presence, despite regulatory challenges.

What were the main challenges Fonterra faced during the year?

• Decreased milk volume due to weather events

• Lower input costs

• Increased global demand for milk

• Higher milk production

How did Fonterra manage to achieve strong returns on capital?

• By reducing farmer payouts

• By improving efficiency and operating expenses

• By increasing milk production

• By decreasing global milk prices

What is the expected trend for milk prices in the near future?

• A massive increase similar to last year

• Stability with no changes

• A significant drop

• A slight strengthening until Christmas

What is a key component of Fonterra's strategy in China?

• Exiting the Chinese market

• Maintaining a strong partnership with Beingmate

• Focusing solely on consumer brands

• Reducing investments in Beingmate

How has Fonterra navigated the challenges in the Chinese market?

• By registering brands and recipes with partners

• By withdrawing from the market

• By focusing only on food service

• By reducing its stake in Beingmate