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7 Jun 2020 7:30
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  •   Home > News > Rural

    Fonterra says demand's still strong for dairy in China, as it weathers its Covid-19 outbreak

    Fonterra says demand's still strong for dairy in China, as it weathers its Covid-19 outbreak


    Fonterra
    Fonterra
    The co-op's made a profit of 500-million dollars in the six months to January, up from 72-million in the previous period.

    It's not paying a dividend because it's unclear how the coronavirus will impact earnings later this year.

    Fonterra chief executive Miles Hurrell says there hasn't been a slowdown of dairy demand in China.

    He says the China market is starting to get back to some normality in some areas and dairy's at the forefront of that.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     03 Jun: Dairy farmers have agreed to again bankroll their industry organisation
     29 May: Fonterra says its China dairy import volumes climbed 10.1 per cent in March after two consecutive months of declines
     21 May: Fonterra continues to strengthen its balance sheet
     21 May: Fonterra is on course to inject 11 billion dollars into the economy this year
     05 May: People made redundant from Covid 19 are the target of farmers with jobs to fill on dairy farms
     24 Apr: Dairy giant Fonterra is persisting with its fifteen to twenty cents share forecast in spite of Covid 19's impact on milk trading
     14 Apr: Dairy farmers are facing a dismal milk 5 dollars 60 a kilogram payout forecast next season - because of the coronavirus crisis
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