News | Rural
1 Nov 2020 4:47
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  •   Home > News > Rural

    Rapid gains in the New Zealand dollar have seen Fonterra trim its forecast payout by five cents for the recently completed season

    Rapid gains in the New Zealand dollar have seen Fonterra trim its forecast payout by five cents for the recently completed season


    Fonterra
    Fonterra
    But, the dairy-co-op has lifted its outlook for the current year based on resurgent Chinese demand.

    The mid-point for the year ahead has been bumped up 25 cents to $6.40 per kilo..

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     21 Oct: A challenging year ahead for beef and sheep farmers
     15 Oct: Fonterra's increased the mid-point of its forecast farmgate milk price range to $6.80 per kilos of Milk Solids, up from $6.40
     05 Oct: Dairy giant Fonterra's farm sales in China,don't mean it's pulling out of the market
     28 Sep: The bill to compensate Mid Canterbury farmers found with Mycoplasma bovis in their herds might be around 17-million dollars
     25 Sep: First there was Shrek the wooly sheep and now there's Mrs Gizzy Shrek
     19 Sep: The strategy reset at Fonterra is paying off, and farmers wallets will see the benefits
     19 Sep: An agricultural economist is relieved to see Fonterra back in the black
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