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2 Jul 2020 18:03
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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.

    © 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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