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1 Nov 2024 14:29
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  •   Home > News > Rural

    Things are looking on the up for the dairy sector

    Things are looking on the up for the dairy sector


    Fonterra
    Fonterra
    Fonterra's returning a total dividend of 55 cents a share for the past financial year, off the back of a strong 1.1 billion dollar net profit.

    It's also raising its forecast milk payout midpoint this season, from 8-dollars-50 to 9-dollars.

    Chief Executive Miles Hurrell says signs are pointing to a recovery in global dairy prices.

    He says demand from China's picking up, and data received overnight suggests that trend is continuing.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     22 Oct: A big player in the dairy industry both in New Zealand and abroad, Theo Spierings , has died
     30 Sep: Fonterra is being sued - accused of greenwashing
     30 Sep: Fonterra's released its latest revised strategy, that will see it focus on selling ingredients to businesses, rather than finished food products to consumers
     25 Sep: Christmas is coming early for dairy farmers
     18 Sep: Fonterra is investing 150-million-dollars into a new cool store at its Whareroa site in Taranaki
     18 Sep: Dairy prices have risen 0.8 percent at the latest Global Dairy Trade auction overnight
     17 Sep: A better outlook than anticipated for dairy farmers
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