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Business and Dairy News – Fonterra lifts forecast FY24 earnings and Farmgate Milk Price after strong Q1

LiveNews Provides news reports of information as it happens in real time of politics, business, the economy and also reports on global issues and events from a New Zealand viewpoint. ....

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Fonterra lifts forecast FY24 earnings and Farmgate Milk Price after strong Q1

Fonterra lifts forecast FY24 earnings and Farmgate Milk Price after strong Q1
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Big rise in first quarter earnings, margins, profits for Fonterra

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. ....

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Fonterra hikes both milk price forecast and earnings forecast after strong first quarter

Dairy giant Fonterra is now effectively forecasting a $7.50 per kilogram of milk solids price for its farmer suppliers - up 25c on its previous forecast, while its earnings forecast has been increased by an effective 5c a share ....

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