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9 Feb 2025 8:48
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  •   Home > News > Rural

    Dairy farmers will be breathing a sigh of relief with Fonterra's latest results

    Dairy farmers will be breathing a sigh of relief with Fonterra's latest results


    Fonterra
    Fonterra
    The dairy giant has announced a 23-percent increase in reported earnings.

    Its interim dividend has increased from 10 to 15 cents per share.

    Fonterra isn't slashing its forecast milk payout, despite the price of whole milk powder dropping 8.6 percent since early February.

    It's instead narrowed the forecast Farmgate Milk Price range - keeping the midpoint at 7-dollars-80.

    That midpoint is just above what Dairy NZ says farmers need to earn to break even.

    © 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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