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29 Mar 2024 20:23
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  •   Home > News > Rural

    Good news for farmers from Fonterra this morning

    Good news for farmers from Fonterra this morning


    Fonterra
    Fonterra
    The co-op has announced an increased forecast farmgate milk price range to between 6 dollars 55 and 7 dollars 55 per kilogram of milk solids.

    Fonterra CEO Miles Hurrell says the range remains wide, because of global trade tensions and political instability in some key sales regions.

    He estimates the cost revision will add another 450 million dollars into regional New Zealand.

    © 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
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