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Dec 6, 2023
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Big rise in first quarter earnings, margins, profits for Fonterra

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Navigation for News Categories Photo: RNZ / Cole Eastham-Farrelly Fonterra has raised its forecast payout to suppliers and posted a big rise in first quarter earnings, margins and profit. The forecast midpoint of its payout range for the current season has been increased by 25 cents to $7.50 a kilo milk solids in a range

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Photo: RNZ / Cole Eastham-Farrelly

Fonterra has raised its forecast payout to suppliers and posted a big rise in first quarter earnings, margins and profit.

The forecast midpoint of its payout range for the current season has been increased by 25 cents to $7.50 a kilo milk solids in a range of $7 to $8 a kilo.

Chief executive Miles Hurrell said the improved forecast reflected better prices and market conditions.

“Global Dairy Trade prices have lifted, and our sales book is also well c

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