Latest from Fonterra

Farmers being cautious with profits

Farmers are funneling strong payouts into debt repayment and on-farm upgrades.

'A game-changer': Fonterra payout surge set to hand each farmer about $480k this season

ANZ expects the dairy payout to give GDP growth a tailwind through to 2026.

Market close: Heavy end to week as big stocks drag sharemarket 1% lower

The NZ sharemarket reversed most gains made on Thursday after mixed company results.

Fonterra update with Miles Hurrell on The Country

On today: Miles Hurrell, Stu Loe, Stu Duncan, Kate Scott, Hamish McKay, and Barry Soper.

Kiwi smart shopping start-up raises $8m to fuel US expansion

Appetise now helps 70,000 Kiwi households to plan meals and shop smarter.

NZ Herald Afternoon Headlines | Friday, February 20, 2026

Afternoon Headlines | Unprecedented day for UK and Fonterra announces extra dividend for farmers | Friday, February 20, 2026

Fonterra puts forecast payout up to $9.50kg/ms, adds Mainland special dividend | Herald NOW

Business with Forsyth Barr: Fonterra narrows the range for the forecast farmgate milk price to $9.20-$9.80kg/ms and announces special dividend on Mainland FY25 earnings.

Fonterra plans special divdend, upgrades milk price

The forecast milk price range has tightened to $9.20 to $9.80 per kg.

$3.2b windfall: Fonterra farmers back $2.00-a-share capital return

The $2.00 a share payout, totalling about $3.2b, is expected to be tax-free.