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24 May 2024 22:45
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  •   Home > News > Rural

    The boss of Fonterra is playing down concerns about the Chinese market

    The boss of Fonterra is playing down concerns about the Chinese market


    Fonterra
    Fonterra
    Fonterra's half year profit is up 23 percent and its interim dividend is up 50-percent, as it sells more processed product at a higher profit margin.

    But it's keeping the forecast milk payout midpoint unchanged at 7-dollars-80, following a recent drop in global raw product prices.

    Fonterra Chief Executive Miles Hurrell says China is still a growth opportunity, but it's only part of their diversified global strategy.

    He says China's geopolitics is something everyone needs to be aware of, but China still has a growing middle class.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
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     17 May: Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business
     23 Apr: Sheep farmers are being urged to hang on
     21 Mar: A good news day for Fonterra shareholders
     21 Mar: Dairy farmers will be breathing a sigh of relief with Fonterra's latest results
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