Fonterra hikes forecast payout on strong global demand

Fonterra hikes forecast payout on strong global demand
Paul McBeth
Fonterra Cooperative Group raised the midpoint of its forecast farmgate milk price on strong global demand and said it’s making progress under a new strategy with strong first-quarter earnings growth.The cooperative lifted the midpoint of its forecast payout by 25 cents to $7.30 per kilogram of milk solids and narrowed the range to between $7.00 and $7.60/kgMS from a previous forecast of between $6.55 and $7.55/kgMS.Chair John Monaghan said prices at the Global Dairy Trade auctions had increased by about 6 percent since the previous forecast wh...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024