News | Rural
27 May 2024 6:24
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Rural

    The boss of Fonterra is playing down concerns about the Chinese market

    The boss of Fonterra is playing down concerns about the Chinese market


    Fonterra
    Fonterra
    Fonterra's half year profit is up 23 percent and its interim dividend is up 50-percent, as it sells more processed product at a higher profit margin.

    But it's keeping the forecast milk payout midpoint unchanged at 7-dollars-80, following a recent drop in global raw product prices.

    Fonterra Chief Executive Miles Hurrell says China is still a growth opportunity, but it's only part of their diversified global strategy.

    He says China's geopolitics is something everyone needs to be aware of, but China still has a growing middle class.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     21 May: Farewell Anchor, Fresh'n Fruity and Mainland: what’s behind Fonterra’s decision to sell its consumer brands?
     17 May: Uncertainty around Fonterra's plan to sell well-known brand Anchor
     17 May: Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business
     23 Apr: Sheep farmers are being urged to hang on
     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
     Top Stories

    RUGBY RUGBY
    The Southern Steel are celebrating their second win of the ANZ Premiership netball season - leaping off the bottom of the ladder with a 47-43 win over the Mystics in Dunedin More...


    BUSINESS BUSINESS
    The Finance Minister is playing down any major surprises in this week's Budget More...



     Today's News

    Environment:
    Multiple fire crews put out a blaze at the back of a two-storey shop building in Auckland's Onehunga 21:56

    International:
    More than 670 people now feared dead following landslide in Papua New Guinea's highlands 21:36

    Environment:
    Emergency services are responding to a large fire at Onehunga in Auckland tonight 21:16

    Health & Safety:
    Second deadly fire in India kills six infants at children's hospital in Delhi 19:47

    Politics:
    Labour Party Leader Chris Hipkins says charter schools are the wrong way to address outlying students 18:57

    Tennis:
    The year's second tennis major - the French Open - gets underway tonight, with multiple major winners Andy Murray and Stan Wawrinka squaring off in the first round 18:37

    Rugby:
    The Southern Steel are celebrating their second win of the ANZ Premiership netball season - leaping off the bottom of the ladder with a 47-43 win over the Mystics in Dunedin 18:27

    Rugby League:
    The Warriors have again shuffled their side for tonight's NRL match against the Dolphins with fullback Taine Tuaupiki another game-day withdrawal 18:07

    Rugby:
    Finals footy awaits for the Highlanders, confirming their spot in the quarter-finals with a 39-3 romp over the Fijian Drua in Dunedin 17:27

    Business:
    The Finance Minister is playing down any major surprises in this week's Budget 17:27


     News Search






    Power Search


    © 2024 New Zealand City Ltd