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15 Jun 2021 5:56
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  •   Home > News > Rural

    The strategy reset at Fonterra is paying off, and farmers wallets will see the benefits

    The strategy reset at Fonterra is paying off, and farmers wallets will see the benefits


    Fonterra
    Fonterra
    The co-op is back in the black, after last year's 605-million-dollar wipeout.

    It'll pay a dividend of five cents per share on top of the farmgate milk price of seven-dollars-14, per kilo of milk solids.

    Agricultural economist Peter Fraser says it's a big relief, after last year's results.

    He says Fonterra has spent about 18 months focussing on what it does well - and that's important to maintain during things like the Covid-19 pandemic.

    © 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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