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20 Apr 2024 19:37
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      Home > News > Rural

    A drop in earnings for Fonterra

    A drop in earnings for Fonterra


    Fonterra
    Fonterra
    The dairy giant has just released its third quarter results.

    Earnings before interest and taxes have dipped by nine percent to 522-million dollars.

    Fonterra has narrowed the range of its 2018/19 forecast Farmgate Milk Price.

    It was $6.30 - $6.60 per kilogram of milk solids - it's now $6.30 - $6.40.

    © 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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