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19 Aug 2022 14:51
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  •   Home > News > Rural

    Dairy giant Fonterra is persisting with its fifteen to twenty cents share forecast in spite of Covid 19's impact on milk trading

    Dairy giant Fonterra is persisting with its fifteen to twenty cents share forecast in spite of Covid 19's impact on milk trading


    Fonterra
    Fonterra
    The co-operative is also on track with plans to reduce debt.

    Chief executive Miles Hurrell says adding flexibility to the business has allowed the co-op to stick to its share earnings guidance.

    Fonterra's China business seems to be turning a corner with March revenue still below normal, but recovering from February falls.

    Last month the co-op confirmed a payout forecast of seven dollars to seven dollars and 60 cents per kilogram of milk solids.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
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     17 Jun: Fertiliser co-operative Ballance say they are beginning to produce their own fertiliser
     08 Jun: Fonterra is buying back 50 million dollars' worth of its own shares
     08 Jun: Fonterra has announced a 50-million dollar share buyback
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
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