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5 Mar 2021 1:41
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  •   Home > News > Rural

    A recovering China is lifting hopes that Fonterra will continue to piggy-back on growing milk demand

    A recovering China is lifting hopes that Fonterra will continue to piggy-back on growing milk demand


    Fonterra
    Fonterra
    Despite Covid 19 challenges, the dairy co-op has increased its forecast price range to six-dollars 70 to seven-dollars 30 per kilo of milk solids - up from six-dollars 30 to seven-dollars 30.

    CEO Miles Hurrell says the food service trade to China is the stand-out performer so far.

    He says China has bounced back from Covid and its demand for whole milk powder is a key driver of the milk price.

    Other countries are, however, slower to recover.

    © 2021 Newstalk ZB, NZCity


     Other Rural News
     04 Mar: Fonterra is weighing up a possible increase to its Farmgate Milk Price, following the latest rise in global dairy prices
     02 Mar: Farmer calls to dump the Government's winter grazing rules, are growing in Southland
     25 Feb: Promising news for Fonterra shareholders
     28 Jan: Kiwi dairy farmers are leading the world in low emission production, but there's always room for improvement
     16 Dec: Some good news for farmers, in the last Global Dairy Trade auction before Christmas
     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
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