High costs, Aus business top of mind in Fonterra's 1H

High costs, Aus business top of mind in Fonterra's 1H
Investors keen to know how dairy giant is managing inputs. (Image: Supplied)
Rebecca Howard
The impact of significantly higher input costs and the ownership review in Australia will be key standouts in Fonterra’s half-year result on Thursday.In December, the co-operative said earnings before interest and tax were down $60 million to $190m in the three months to Oct 31 on higher input costs. Whole milk powder prices alone were up 30% on the year.  Rising inputs also saw it lower the top end of its forecast earnings range in December. Fonterra said it expected earnings of 25 cents to 35c a share versus a prior view of 25...

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
Greyhound racing to end
Primary Sector

Greyhound racing to end

Winston Peters says it will be phased out over 20 months.

Riley Kennedy 10 Dec 2024