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10 Feb 2025 23:06
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  •   Home > News > Rural

    Fonterra says high milk prices have affected its margins

    Fonterra says high milk prices have affected its margins


    Fonterra
    Fonterra
    The dairy co-op's made a half year after-tax profit of 364-million dollars, down 27 million on the same time last year.

    The forecast record farmgate milk price is still $9.30 to $9.90 per kilogram of milk solids.

    Chief Executive Miles Hurrell says Fonterra knew this year was going to be more challenging due expensive milk, which is up almost 30 percent year-on-year.

    He's pleased with the co-op's profit after tax because it shows it's performing well, even in a high milk price environment.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     06 Feb: KiwiRail and Fonterra are celebrating a full return of rail volume to Northland
     29 Jan: Fonterra is investing 150 million-dollars in electrification over the next 18 months
     15 Jan: Good news for dairy farmers - not so good for everyone else
     16 Dec: An early Christmas present for sheep farmers, with rising export prices for lamb
     05 Dec: Fonterra has raised the midpoint of its forecast Farmgate Milk Price, by 50 cents, to 10 dollars
     20 Nov: Dairy prices have risen another 1.9 percent at this morning's Global Dairy Trade auction
     12 Nov: Another global dairy giant could take over some of Fonterra's most well-known brands
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