News | Rural
8 Apr 2020 21:01
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  •   Home > News > Rural

    Expect a disappointing annual result from Fonterra today

    Expect a disappointing annual result from Fonterra today


    Fonterra
    Fonterra
    It's been a tumultuous year for the co-op, with a large compensation payout
    to French food company Danone, and a write down of its investment in Chinese
    dairy company Beingmate.

    ASB senior rural economist Nathan Penny says Fonterra has
    struggled to add much more value to its milk products.

    Despite that, he says farmers will be relatively content with the current
    forecast milk price payout.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     28 Mar: During the coronavirus lockdown many farmers are still struggling with Mycoplasma bovis
     24 Mar: Heightened health protocols will cause only minor hold-ups to Fonterra's milk operations through the four-week lockdown
     18 Mar: Fonterra says demand's still strong for dairy in China, as it weathers its Covid-19 outbreak
     05 Mar: Longstanding Fonterra chairman, John Monaghan, is stepping down from the dairy co-operative's board
     19 Feb: The coronavirus outbreak is continuing to push down global dairy prices
     05 Feb: Global dairy prices have taken a hit, following the outbreak of the deadly coronavirus in China
     15 Jan: The Revenue Minister says he's asked officials to look at the tax issues around Mycoplasma bovis
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