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6 Aug 2021 15:47
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      Home > News > Rural

    A blip in international dairy prices isn't rattling Fonterra's boss

    A blip in international dairy prices isn't rattling Fonterra's boss


    Fonterra
    Fonterra
    Overall dairy prices slipped just 0.1 percent at last night's Global Dairy Trade auction - despite commentators picking another rise.

    CEO Miles Hurrell says it's a flat - but still good - result, with China still going gangbusters.

    He says four thousand dollars a tonne might've been a bit high for the Middle East and African markets.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     05 Jul: Changes to how Fonterra calculates the price of milk
     28 Jun: Fonterra has agreed to sell its two joint venture farms in China
     25 Jun: The group representing the country's dairy farmers is reassured to see additional funding delivered for flood-affected farmers in Canterbury
     16 Jun: Dairy prices have dropped 1.3 percent, at Fonterra's latest Global Dairy Trade auction overnight
     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
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