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16 Jan 2021 16:13
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  •   Home > News > Business

    A recovering China is lifting hopes that Fonterra will continue to piggy-back on growing milk demand

    A recovering China is lifting hopes that Fonterra will continue to piggy-back on growing milk demand


    Fonterra
    Fonterra
    Despite Covid 19 challenges, the dairy co-op has increased its forecast price range to six-dollars 70 to seven-dollars 30 per kilo of milk solids - up from six-dollars 30 to seven-dollars 30.

    CEO Miles Hurrell says the food service trade to China is the stand-out performer so far.

    He says China has bounced back from Covid and its demand for whole milk powder is a key driver of the milk price.

    Other countries are, however, slower to recover.

    © 2021 Newstalk ZB, NZCity


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