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28 Mar 2024 21:12
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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.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
     21 Mar: A good news day for Fonterra shareholders
     21 Mar: Dairy farmers will be breathing a sigh of relief with Fonterra's latest results
     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
     21 Feb: Dairy prices are up 0.5 percent at the latest Global Dairy Trade auction overnight
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