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10 Feb 2025 23:11
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  •   Home > News > Rural

    Things are looking on the up for the dairy sector

    Things are looking on the up for the dairy sector


    Fonterra
    Fonterra
    Fonterra's returning a total dividend of 55 cents a share for the past financial year, off the back of a strong 1.1 billion dollar net profit.

    It's also raising its forecast milk payout midpoint this season, from 8-dollars-50 to 9-dollars.

    Chief Executive Miles Hurrell says signs are pointing to a recovery in global dairy prices.

    He says demand from China's picking up, and data received overnight suggests that trend is continuing.

    © 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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