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29 Mar 2024 8:08
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  •   Home > News > Rural

    Problems across the ditch mean Fonterra isn't doing as well as it should

    Problems across the ditch mean Fonterra isn't doing as well as it should


    Fonterra
    Fonterra
    The dairy giant has announced a net profit after tax of 80-million dollars.

    Fonterra CFO Marc Rivers says it's good to see the Co-operative back in the black, but earnings are not where they should be.

    He says the Australia business had a very challenging first half, with gross margins down from 50 to eight million dollars.

    Rivers says this reflected lower milk collections, given the severe drought conditions, and the aggressive price competition.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
     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
     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
     21 Feb: Dairy prices are up 0.5 percent at the latest Global Dairy Trade auction overnight
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