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29 May 2020 5:28
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  •   Home > News > Rural

    Fonterra says demand's still strong for dairy in China, as it weathers its Covid-19 outbreak

    Fonterra says demand's still strong for dairy in China, as it weathers its Covid-19 outbreak


    Fonterra
    Fonterra
    The co-op's made a profit of 500-million dollars in the six months to January, up from 72-million in the previous period.

    It's not paying a dividend because it's unclear how the coronavirus will impact earnings later this year.

    Fonterra chief executive Miles Hurrell says there hasn't been a slowdown of dairy demand in China.

    He says the China market is starting to get back to some normality in some areas and dairy's at the forefront of that.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
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     24 Apr: Dairy giant Fonterra is persisting with its fifteen to twenty cents share forecast in spite of Covid 19's impact on milk trading
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     28 Mar: During the coronavirus lockdown many farmers are still struggling with Mycoplasma bovis
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