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29 Mar 2024 7:48
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  •   Home > News > Rural

    Fonterra is on course to inject 11 billion dollars into the economy this year

    Fonterra is on course to inject 11 billion dollars into the economy this year


    Fonterra
    Fonterra
    Agriculture was labelled essential during the lockdown and able to continue operating.

    The company's set a milk price for the coming year of 5 dollars 40 to 6 dollars 90 per kilo of milk solids -- an unusually wide range due to uncertainly around covid-19.

    Chief executive Miles Hurrell says the lockdown worked in their favour.

    He says out of home consumption has declined, but the retail business has gone very well for them in the third quarter -- as people bought milk, cheese and yoghurt to take home.

    © 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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