Primary Sector

Chinese demand, cheap money underpin Fonterra forecast

Rebecca Howard
Thu, 05 Nov 2020

Strong Chinese demand for dairy products and cheap finance are giving Fonterra enough confidence to keep its forecast for earnings of between 20 and 35 cents per share, despite the uncertain trading environment. Chief executive Miles Hurrell outlined a number of issues that may dent the implied earnings range of $322.7 million to $564.7 million, such as the resilient kiwi dollar, the milk supply outlook in the US and Europe, and how further waves of covid-19 might knock the global economy and demand. “But we’re seeing goo...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance

Govt venture fund loses 2nd CEO

Pattrick Smellie | Fri, 04 Dec 2020

The exit comes a day after a new chair was appointed.

Law & Regulation

Law Commission wants regulation of litigation funders

Victoria Young | Fri, 04 Dec 2020

Class action law reform nudges along

Retail

Funders disappointed as Nido enters receivership

Victoria Young | Fri, 04 Dec 2020

The company pitched as NZ's answer to Ikea has been placed into receivership.

Chinese demand, cheap money underpin Fonterra forecast

Not convinced yet?

Your company has a subscription

Team