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29 Apr 2024 6:12
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      Home > News > Rural

    Dairy farmers will be breathing a sigh of relief with Fonterra's latest results

    Dairy farmers will be breathing a sigh of relief with Fonterra's latest results

    21 March 2024

    Fonterra
    Fonterra
    The dairy giant has announced a 23-percent increase in reported earnings.

    Its interim dividend has increased from 10 to 15 cents per share.

    Fonterra isn't slashing its forecast milk payout, despite the price of whole milk powder dropping 8.6 percent since early February.

    It's instead narrowed the forecast Farmgate Milk Price range - keeping the midpoint at 7-dollars-80.

    That midpoint is just above what Dairy NZ says farmers need to earn to break even.

    © 2024 Newstalk ZB, NZCity


     Other Rural News
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