News | Rural
29 Mar 2024 15:32
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Rural

    Not a great Christmas present for farmers as they face lower milk pay-outs

    Not a great Christmas present for farmers as they face lower milk pay-outs


    Fonterra
    Fonterra
    Fonterra has revised its 2018/19 Farmgate Milk Price range from $6.25-$6.50 per kilogram of milk solids to $6.00-$6.30.

    Chairman John Monaghan says the revision is due to the global milk supply remaining stronger relative to demand, which has driven a downward trend on the Global DairyTrade index since May.

    Sales volumes, revenue and gross margin are all down for Fonterra.

    At the same time, operating expenses and capital expenditure are all up.

    However, the Co-op is maintaining its forecast earnings per share range of 25-35 cents.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
     21 Mar: A good news day for Fonterra shareholders
     21 Mar: Dairy farmers will be breathing a sigh of relief with Fonterra's latest results
     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
     21 Feb: Dairy prices are up 0.5 percent at the latest Global Dairy Trade auction overnight
     Top Stories

    RUGBY RUGBY
    The defending champion Matatu are unable to make the Super Rugby Aupiki final, but they're eager to finish the season on a high More...


    BUSINESS BUSINESS
    Innovative New Zealand apple producing company Rockit is focussing on its international expansion More...



     Today's News

    Law and Order:
    The search continues for a woman who never returned from the Pureora Forest near Lake Taupo 15:27

    Entertainment:
    Tom Sandoval feels his cheating scandal "was supposed to happen" 15:23

    Rugby League:
    The South Sydney Rabbitohs are hoping the Easter Bunny brings joy in their Good Friday contest against the Canterbury Bulldogs 14:57

    Entertainment:
    Christine Quinn's husband Christian Dumontet has requested a restraining order to keep her away from him 14:53

    Rugby:
    The defending champion Matatu are unable to make the Super Rugby Aupiki final, but they're eager to finish the season on a high 14:27

    Entertainment:
    Renee Rapp has blasted "witches" who refuse to accept her evolving understanding of her own sexuality 14:23

    Golf:
    Top New Zealand golfer Lydia Ko has had a solid opening round at the latest LPGA Tournament in Arizona 14:07

    Cricket:
    The White Ferns are struggling to post a competitive score in the 5th T20 clash against England in Wellington 14:07

    Entertainment:
    Christina Applegate regrets lying about how she felt during her battle with breast cancer 13:53

    Entertainment:
    Meghan, Duchess of Sussex is reportedly aiming to make cash selling dog treats and chicken feed 13:23


     News Search






    Power Search


    © 2024 New Zealand City Ltd