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15 Aug 2020 16:24
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  •   Home > News > Rural

    A bumper run for farmers, but at a big cost to Fonterra

    A bumper run for farmers, but at a big cost to Fonterra


    Fonterra
    Fonterra
    The dairy giant has reported a nine percent dip in profits for the nine months to the end of April, compared to same time last year.

    Dairy industry analyst and economist Peter Fraser says Fonterra is paying its farmers too much for milk, and not enough to investors.

    He says the dairy giant is paying farmers 50 cents too much for milk.

    Fraser says that adds up quickly, to around 750-million dollars too much every year.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     17 Jul: Rapid gains in the New Zealand dollar have seen Fonterra trim its forecast payout by five cents for the recently completed season
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     23 Jun: Fonterra farmers who produce sustainable, high quality milk will soon be eligible for a new payment of up to 10 cents per kg of milksolids
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