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1 Nov 2020 5:02
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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


    Fonterra
    Fonterra
    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.

    © 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
     18 Sep: Fonterra's boss says the company is on the home straight - when it comes to debt and earnings
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