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3 Jul 2025 15:06
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  •   Home > News > Rural

    Fonterra is on course to inject 11 billion dollars into the economy this year

    Fonterra is on course to inject 11 billion dollars into the economy this year


    Fonterra
    Fonterra
    Agriculture was labelled essential during the lockdown and able to continue operating.

    The company's set a milk price for the coming year of 5 dollars 40 to 6 dollars 90 per kilo of milk solids -- an unusually wide range due to uncertainly around covid-19.

    Chief executive Miles Hurrell says the lockdown worked in their favour.

    He says out of home consumption has declined, but the retail business has gone very well for them in the third quarter -- as people bought milk, cheese and yoghurt to take home.

    © 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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