There's a view Fonterra's strong result today is unlikely to climb much more.

The dairy giant's reported a 2.8 percent rise in first-half net profit to $750 million.

It's also announced a 20 cent lift in the farmgate milk price - and a $9.70 midpoint per kilo of milksolids.

Federated Farmers Dairy Chair, Karl Dean, says given global uncertainty, he doesn't think the midpoint will reach $10.

"The futures market is sitting around the $9.70-$9.80 mark, so Fonterra's got it pretty much where the futures are."

LISTEN ABOVE

There's a view Fonterra's strong result today is unlikely to climb much more.
The dairy giant's reported a 2.8 percent rise in first-half net profit to $750 million.
It's also announced a 20 cent lift in the farmgate milk price - and a $9.70 midpoint per kilo of milksolids.
Federated Farmers Dairy Chair, Karl Dean, says given global uncertainty, he doesn't think the midpoint will reach $10.
"The futures market is sitting around the $9.70-$9.80 mark, so Fonterra's got it pretty much where the futures are."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Karl Dean: Federated Farmers Dairy Chair on Fonterra reporting a 2.8 percent lift in first-half net profit to $750 million

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/92505f60-083c-4c3e-8553-b41600573830/transcript