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20 Aug 2022 2:03
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  •   Home > News > Rural

    Fonterra has announced a 50-million dollar share buyback

    Fonterra has announced a 50-million dollar share buyback


    Fonterra
    Fonterra
    Chairman Peter McBride says the prevailing price has been undervaluing Fonterra shares, particularly since late April.

    Meanwhile, dairy prices have risen 1.5 percent in this morning's first Global Dairy Trade auction of the new season.

    Skim milk is up three percent, while whole milk powder is down 0.3 percent.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     24 Jun: Farmers says a stock control bylaw being proposed by the Tasman District Council, will be impossible for farmers to comply with
     23 Jun: Fonterra has lifted its Farmgate Milk Price to a new record high
     22 Jun: Dairy prices have dipped 1.3 percent at the latest Global Dairy Trade auction overnight
     17 Jun: Fertiliser co-operative Ballance say they are beginning to produce their own fertiliser
     08 Jun: Fonterra is buying back 50 million dollars' worth of its own shares
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
     26 May: Fonterra's fired its opening shot for the 2022/23 season
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