Fonterra to kick off new season with strong payout forecast

Fonterra to kick off new season with strong payout forecast
Results for nine months to April 30 are slightly disappointing says analyst (Image: Getty)
Rebecca Howard
Fonterra’s opening forecast for the season that is about to kick off is $8.25-to-$9.75 per kilogram of milk solids (kgMS), with a midpoint of $9.00/kgMS.Chief executive Miles Hurrell said the opening forecast reflects continued demand for dairy coupled with constrained global supply.NZX senior analyst Amy Castleton said that “the range for the new season, with the midpoint of $9/kgMS, is a strong opening forecast, and follows the trend of high milk prices over the last several seasons”.Hurrell said, however, the forecast is wi...

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