The boss of Fonterra is playing down concerns about the Chinese market
The boss of Fonterra is playing down concerns about the Chinese market
21 March 2024
Fonterra's half year profit is up 23 percent and its interim dividend is up 50-percent, as it sells more processed product at a higher profit margin.
But it's keeping the forecast milk payout midpoint unchanged at 7-dollars-80, following a recent drop in global raw product prices.
Fonterra Chief Executive Miles Hurrell says China is still a growth opportunity, but it's only part of their diversified global strategy.
He says China's geopolitics is something everyone needs to be aware of, but China still has a growing middle class.
© 2024 Newstalk ZB, NZCity
