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23 Apr 2024 21:04
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  •   Home > News > Rural

    Best efforts in the dairy sector

    Best efforts in the dairy sector

    Fonterra's lifted its Farmgate Milk Price midpoint for the 2023/24 season, by 25 cents to $7.50 per kilogram of milksolids.

    The company's had an 85 percent lift in profit which bought them to 392-million dollars in the first quarter of the financial year.

    Lincoln University adjunct professor Jacqueline Rowarth says projections for farmers are looking promising, despite a volatile market.

    She says everyone is doing their best to indicate to farmers what the future looks like.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     23 Apr: Sheep farmers are being urged to hang on
     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
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