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30 Mar 2024 4:15
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  •   Home > News > Business

    A bumper run for farmers, but at a big cost to Fonterra

    A bumper run for farmers, but at a big cost to Fonterra

    24 May 2019

    Fonterra
    Fonterra
    The dairy giant has reported a nine percent dip in profits for the nine months to the end of April, compared to same time last year.

    Dairy industry analyst and economist Peter Fraser says Fonterra is paying its farmers too much for milk, and not enough to investors.

    He says the dairy giant is paying farmers 50 cents too much for milk.

    Fraser says that adds up quickly, to around 750-million dollars too much every year.

    © 2024 Newstalk ZB, NZCity


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    New Zealand Food Safety is supporting Matakana Smokehouse in its recall of a specific batch of two of its salmon products because of the possible presence of Listeria More...



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