Unitholders may get modicum of comfort from Fonterra's new guidance

Unitholders may get modicum of comfort from Fonterra's new guidance
Fonterra lifted guidance for the second time in three months. (Image: Getty)
Rebecca Howard
Fonterra lifted its forecast earnings range for the second time in three months and may end up paying one of its highest dividends as it makes progress on its 2030 strategy. On Thursday, Fonterra upgraded its guidance to 50–70 cents per share from 45–60 cents per share on strong first-quarter earnings, bolstered by favourable margins in protein and cheese products. In September, the dairy co-operative lifted the range from 30–45 cents. New Zealand stock exchange-listed units of the Fonterra Shareholders’ F...

More Primary Sector

Dairy goat industry heading in the right direction
Primary Sector

Dairy goat industry heading in the right direction

One of the players is calling for the industry to work together.

Riley Kennedy 22 Jul 2024
Cuts to forecast farmgate prices unlikely despite global dairy price falls
Primary Sector

Cuts to forecast farmgate prices unlikely despite global dairy price falls

Whole milk powder prices are down nearly 10% since the start of the season.

Riley Kennedy 18 Jul 2024
Farming investor Dairy Farms NZ selling up
Primary Sector

Farming investor Dairy Farms NZ selling up

Set up in 2014, the group has seven farms and a peak milk herd of just over 6,100.

Riley Kennedy 18 Jul 2024