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15 Jun 2021 7:19
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  •   Home > News > Rural

    An agricultural economist is relieved to see Fonterra back in the black

    An agricultural economist is relieved to see Fonterra back in the black

    It's reported a 659-million-dollar net profit, after bleeding more than 600-million the previous year.

    Farmers will pocket a dividend of five cents a share, on top of their milk payout of seven-dollars-14 a kilo.

    Economist Peter Fraser says under a new strategy, Fonterra is now focussing on what it can do well.

    He says the co-op has stopped trying to be everything for everyone.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     26 May: Fonterra farmers believe this season's milk price won't budge much from a new midpoint of seven dollars and 55 cents
     06 May: Dairy farmers have six months to decide on a capital restructure for Fonterra
     05 May: Hopes Fonterra will streamline how farmers buy and sell units
     05 May: The country's largest company is about to make a major announcement on its capital structure
     21 Apr: A blip in international dairy prices isn't rattling Fonterra's boss
     21 Apr: Dairy prices have dipped at Fonterra's latest Global Dairy Trade auction overnight
     07 Apr: Fonterra's Global Dairy Trade auction has recorded a slight rise in prices overnight
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