News | Rural
12 Apr 2024 23:49
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  •   Home > News > Rural

    Better news for dairy suppliers across the country

    Better news for dairy suppliers across the country


    Fonterra
    Fonterra
    Fonterra's forecast Farmgate Milk Price midpoint for the 2023/24 season, has been lifted by 25 cents.

    It's on the back of an 85 percent rise in profit for the country's largest company, to 392-million dollars in the first quarter of the financial year.

    Lincoln University adjunct professor Jacqueline Rowarth says the economy is still unpredictable, but it's a positive change for the rural sector.

    She says the sector is in better shape than it was, and are feeling positive ahead of the rest of the season.

    © 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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