Fonterra increases forecast earning; decreases forecast milk collections

Fonterra has increased its 2023 forecast earning guidance to 45 to 60 cents per share. (Image: Fonterra)

Fri, 09 Sep 2022

The ongoing strong global demand for dairy has seen Fonterra Co-operative Group increase its forecast earnings guidance for the 2022-23 season.But the impact of recent weather, particularly flooding in the Far North and the top parts of the South Island, meant it decreased its forecast for milk collections.The dairy company announced this morning that it had revised its 2023 forecast earning guidance to between 45 to 60 cents per share, up from 30 to 45 cents per share.Meanwhile, its forecast milk collections for the season decreased from 1,510...

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