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15 Jul 2025 6:49
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  •   Home > News > Rural

    Fonterra's made a half year after tax profit of 364-million dollars, down 27 million on the same time last year

    Fonterra's made a half year after tax profit of 364-million dollars, down 27 million on the same time last year


    Fonterra
    Fonterra
    The forecast record high farmgate milk price remains unchanged at $9.30 to $9.90 per kilogram of milk solids, which will inject 14 billion dollars into the economy.

    Fonterra CEO Miles Hurrell says the higher milk price has put pressure on margins and the impact of Covid-19 is being felt in many markets.

    He says lower New Zealand milk collections reduced total production, which impacted overall sales volumes.

    Shareholders will receive an interim dividend of five cents per share.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     29 Jun: Dairy farmers are remaining optimistic, despite some road bumps
     04 Jun: Dairy prices are down 1.6 percent at the latest Global Dairy Trade auction
     29 May: Good news for Fonterra dairy farmers - accompanied by a "but"
     29 May: Fonterra's reporting a strong rise in profit, while warning of more global uncertainty on the horizon
     26 May: Farmers are sounding the alarm - warning the sheep industry is collapsing
     25 May: Strong global dairy commodity prices are expected to be good news for farmers this season
     22 May: New Zealand farmers are benefiting from a dairy renaissance
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