News | Rural
5 Dec 2020 21:56
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  •   Home > News > Rural

    Good news for dairy farmers - and the economy

    Good news for dairy farmers - and the economy


    Fonterra
    Fonterra
    Fonterra's reported a 659-million-dollar net profit for the 2019/2020 season, after a 605-million-dollar loss last year.

    ASB economist Chris Tenent-Brown says, with Covid-19 impacts, its understandable the co-op is being cautious with it's forecast for next year - but he believes it will achieve a reasonable milk price next year.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     05 Dec: Fonterra farmers are grateful for an extra 20 thousand dollars coming their way when milk markets are so precarious
     04 Dec: Fonterra farmers will share an extra 300 million dollars from a lifted milk price...thanks to strong demand from China
     04 Dec: Fonterra is waiting on regulators to clear the sale of its Chinese farms
     04 Dec: A recovering China is lifting hopes that Fonterra will continue to piggy-back on growing milk demand
     04 Nov: Dairy farmers are looking ahead - both for the environment, and their farms
     21 Oct: A challenging year ahead for beef and sheep farmers
     15 Oct: Fonterra's increased the mid-point of its forecast farmgate milk price range to $6.80 per kilos of Milk Solids, up from $6.40
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