News | Rural
9 Jul 2020 13:19
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  •   Home > News > Rural

    Fonterra forecasting another massive loss

    Fonterra is forecasting another massive loss, related to the value of assets overseas


    Fonterra
    Fonterra
    It's forecasting a 675-million dollar loss for this year, after writing down the value of under-performing assets overseas

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     26 Jun: Manawatu dairy farmer Andrew Hoggard is the new president of Federated Farmers
     26 Jun: Former Zespri chairman Peter McBride will lead the boardroom of the country's largest company
     26 Jun: Fonterra is replacing its retiring chairman John Monaghan with Tauranga dairy farmer and kiwifruit grower Peter McBride
     24 Jun: The global demand for sheep milk is growing, and Kiwi farmers are responding
     23 Jun: Fonterra farmers who produce sustainable, high quality milk will soon be eligible for a new payment of up to 10 cents per kg of milksolids
     15 Jun: Dairy farmers aren't overly optimistic that a wide ranging milk payout will be narrowed
     03 Jun: Dairy farmers have agreed to again bankroll their industry organisation
     Top Stories

    RUGBY RUGBY
    Counties-Manukau has signed first-five Baden Kerr for a third stint with the Mitre10 Cup side More...


    BUSINESS BUSINESS
    Contact Energy is warning power prices could go up - after the nation's biggest user announced plans to shut up shop More...



     Today's News

    Entertainment:
    Maya Jama thinks she avoided any "inappropriate" behaviour in the entertainment industry because of Stormzy 13:13

    International:
    Think you know if US President Donald Trump will be re-elected? Here's what the ABC's readers told us 13:07

    Politics:
    Is Donald Trump going to win? The coronavirus pandemic, the economy and polling will help us find out 13:07

    Rugby League:
    Melbourne will play their next three NRL home games at Sunshine Coast Stadium, with 6000 fans expected for their first match on Friday week against Gold Coast 13:07

    Entertainment:
    Lizzo claims she was "kicked out" of a vacation property three days early 12:43

    Rugby:
    Counties-Manukau has signed first-five Baden Kerr for a third stint with the Mitre10 Cup side 12:27

    Entertainment:
    Nick Cordero's wife's family are getting her through the "hardest" time in her life, after her husband died following a battle with coronavirus 12:13

    International:
    Coronavirus has killed more than 500,000 people. But some still don't know the pandemic exists 12:07

    Environment:
    Four earthquake-prone buildings in central Auckland will be demolished later this month 11:57

    Rugby:
    Highlanders lock Jack Whetton is preparing to suck in the deep ones against the Hurricanes this weekend 11:47


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