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17 Feb 2025 23:12
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  •   Home > News > Rural

    Better news for dairy suppliers across the country

    Better news for dairy suppliers across the country


    Fonterra
    Fonterra
    Fonterra's forecast Farmgate Milk Price midpoint for the 2023/24 season, has been lifted by 25 cents.

    It's on the back of an 85 percent rise in profit for the country's largest company, to 392-million dollars in the first quarter of the financial year.

    Lincoln University adjunct professor Jacqueline Rowarth says the economy is still unpredictable, but it's a positive change for the rural sector.

    She says the sector is in better shape than it was, and are feeling positive ahead of the rest of the season.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     06 Feb: KiwiRail and Fonterra are celebrating a full return of rail volume to Northland
     29 Jan: Fonterra is investing 150 million-dollars in electrification over the next 18 months
     15 Jan: Good news for dairy farmers - not so good for everyone else
     16 Dec: An early Christmas present for sheep farmers, with rising export prices for lamb
     05 Dec: Fonterra has raised the midpoint of its forecast Farmgate Milk Price, by 50 cents, to 10 dollars
     20 Nov: Dairy prices have risen another 1.9 percent at this morning's Global Dairy Trade auction
     12 Nov: Another global dairy giant could take over some of Fonterra's most well-known brands
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