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4 Jul 2022 5:03
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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.

    © 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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