ZB ZB
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Fonterra upgrades milk price and earnings forecast after strong first quarter

Author
Newstalk ZB,
Publish Date
Thu, 7 Dec 2023, 7:58PM

Fonterra upgrades milk price and earnings forecast after strong first quarter

Author
Newstalk ZB,
Publish Date
Thu, 7 Dec 2023, 7:58PM

Fonterra has upgraded its milk price forecast and raised their full-year earnings forecast following an 85 percent lift in their first-quarter profit.

The forecast farmgate milk price midpoint for the 2023/24 season is up 25 cents to $7.50 per kgMS, and the forecast range has moved to $7.00-$8.00 per kgMS.

The Country's Jamie Mackay says these predictions were boosted by a strong GDT result.

LISTEN ABOVE

Take your Radio, Podcasts and Music with you