News | Rural
17 Aug 2022 7:57
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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.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     24 Jun: Farmers says a stock control bylaw being proposed by the Tasman District Council, will be impossible for farmers to comply with
     23 Jun: Fonterra has lifted its Farmgate Milk Price to a new record high
     22 Jun: Dairy prices have dipped 1.3 percent at the latest Global Dairy Trade auction overnight
     17 Jun: Fertiliser co-operative Ballance say they are beginning to produce their own fertiliser
     08 Jun: Fonterra is buying back 50 million dollars' worth of its own shares
     08 Jun: Fonterra has announced a 50-million dollar share buyback
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
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