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6 Aug 2021 3:27
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  •   Home > News > Rural

    Dairy giant Fonterra is persisting with its fifteen to twenty cents share forecast in spite of Covid 19's impact on milk trading

    Dairy giant Fonterra is persisting with its fifteen to twenty cents share forecast in spite of Covid 19's impact on milk trading


    Fonterra
    Fonterra
    The co-operative is also on track with plans to reduce debt.

    Chief executive Miles Hurrell says adding flexibility to the business has allowed the co-op to stick to its share earnings guidance.

    Fonterra's China business seems to be turning a corner with March revenue still below normal, but recovering from February falls.

    Last month the co-op confirmed a payout forecast of seven dollars to seven dollars and 60 cents per kilogram of milk solids.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     05 Jul: Changes to how Fonterra calculates the price of milk
     28 Jun: Fonterra has agreed to sell its two joint venture farms in China
     25 Jun: The group representing the country's dairy farmers is reassured to see additional funding delivered for flood-affected farmers in Canterbury
     16 Jun: Dairy prices have dropped 1.3 percent, at Fonterra's latest Global Dairy Trade auction overnight
     26 May: Fonterra farmers believe this season's milk price won't budge much from a new midpoint of seven dollars and 55 cents
     06 May: Dairy farmers have six months to decide on a capital restructure for Fonterra
     05 May: Hopes Fonterra will streamline how farmers buy and sell units
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