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15 Jul 2020 10:09
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  •   Home > News > Rural

    Higher milk prices

    Higher milk prices, lower margins and higher debt could halve Fonterra's bottom line


    Fonterra
    Fonterra
    The dairy giant's expected to release its annual results this week.

    It follows a tumultuous year, with the co-operative counting the cost of the Beingmate write-down and the Danone settlement.

    Brokers Forsyth Barr estimates that Fonterra's net profit could be half that of last year.

    Senior analyst Chelsea Leadbetter says Fonterra is not the be all and end all anymore, and investors have other options.

    The results are due on Thursday.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     26 Jun: Manawatu dairy farmer Andrew Hoggard is the new president of Federated Farmers
     26 Jun: Former Zespri chairman Peter McBride will lead the boardroom of the country's largest company
     26 Jun: Fonterra is replacing its retiring chairman John Monaghan with Tauranga dairy farmer and kiwifruit grower Peter McBride
     24 Jun: The global demand for sheep milk is growing, and Kiwi farmers are responding
     23 Jun: Fonterra farmers who produce sustainable, high quality milk will soon be eligible for a new payment of up to 10 cents per kg of milksolids
     15 Jun: Dairy farmers aren't overly optimistic that a wide ranging milk payout will be narrowed
     03 Jun: Dairy farmers have agreed to again bankroll their industry organisation
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