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1 Jul 2025 14:06
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  •   Home > News > Rural

    Dairy giant Fonterra is persisting with its fifteen to twenty cents share forecast in spite of Covid 19's impact on milk trading

    Dairy giant Fonterra is persisting with its fifteen to twenty cents share forecast in spite of Covid 19's impact on milk trading


    Fonterra
    Fonterra
    The co-operative is also on track with plans to reduce debt.

    Chief executive Miles Hurrell says adding flexibility to the business has allowed the co-op to stick to its share earnings guidance.

    Fonterra's China business seems to be turning a corner with March revenue still below normal, but recovering from February falls.

    Last month the co-op confirmed a payout forecast of seven dollars to seven dollars and 60 cents per kilogram of milk solids.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     29 Jun: Dairy farmers are remaining optimistic, despite some road bumps
     04 Jun: Dairy prices are down 1.6 percent at the latest Global Dairy Trade auction
     29 May: Good news for Fonterra dairy farmers - accompanied by a "but"
     29 May: Fonterra's reporting a strong rise in profit, while warning of more global uncertainty on the horizon
     26 May: Farmers are sounding the alarm - warning the sheep industry is collapsing
     25 May: Strong global dairy commodity prices are expected to be good news for farmers this season
     22 May: New Zealand farmers are benefiting from a dairy renaissance
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