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29 May 2022 13:39
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  •   Home > News > Business

    Farmers are creaming it and the economy will benefit

    Farmers are creaming it and the economy will benefit


    Fonterra
    Fonterra
    Fonterra has lifted its forecast Farmgate Milk Price.

    The midpoint range is now 9-dollars-20 per kg of milk solids -- up 50 cents on the previous forecast.

    The Country's Rowena Duncum says shareholders will receive about 25 to 35 cents per share this year, after years without a dividend.

    She says everyone else will get a slice of the action too, because it equates to 13.8 billion dollars to the economy this season.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     29 May: Pain at the pump is only set to get worse - as the cost of importing fuel hits a record high
     29 May: The Blues are all business as they head into the Super Rugby Pacific playoffs as top seed, and unbeaten in their last 13 games
     27 May: Chemicals maker DGL has announced it will delist from the NZX next month ... and retain a sole listing on the Australian Stock Exchange
     27 May: Dairy owners say six million dollars to stop ram raids is too little too late
     27 May: Disagreement between National and the construction industry, over the pressures facing the industry
     27 May: A Wellington City Councillor says it's impossible to say no to the 37-million dollars more needed to strengthen the town hall
     26 May: Hopes new measures will prevent ramraids
     Top Stories

    RUGBY RUGBY
    The Blues are all business as they head into the Super Rugby Pacific playoffs as top seed, and unbeaten in their last 13 games More...


    BUSINESS BUSINESS
    Pain at the pump is only set to get worse - as the cost of importing fuel hits a record high More...



     Today's News

    Basketball:
    NBL champion and Tall Blacks power forward Tom Vodanovich is returning to the Breakers after playing for the Sydney Kings the last two years 13:30

    International:
    Baby formula shortage stings US as Australian company ships millions of cans to States 13:10

    Law and Order:
    Investigations are underway after what's understood to be yet another gang-related shooting in Auckland 13:10

    Auckland:
    One person has died after a car crashed into a tree in Auckland's west 12:30

    Rugby League:
    Warriors coach Nathan Brown is taking full responsibility for the Matt Lodge saga following the club's demoralising 24-16 NRL loss to the Knights 12:20

    Business:
    Pain at the pump is only set to get worse - as the cost of importing fuel hits a record high 11:50

    International:
    Champions League final — Real Madrid defeat Liverpool 1-0 in Paris as decider's start delayed by 37 minutes as fans tear-gassed outside 11:20

    Environment:
    It's shaping up to a be a rough four or five days on the weather front 11:10

    Entertainment:
    Miranda Cosgroves hopes she "didn't mess up anyone's childhood" after her viral f-bomb admission 11:09

    Law and Order:
    Johnny Depp v Amber Heard is a defamation case. But it could have a chilling effect on domestic violence survivors 11:00


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