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

Synlait's boss says the company's facing its toughest period in 20 years, but hopes a turnaround is near. 

The Canterbury milk processor's posted a half year loss of $80.6 million. 

Revenue rose $32 million to $949 million, while debt soared 88$ to $472 million. 

Chief Executive Richard Wyeth told Mike Hosking the next six months are critical. 

He says they've got the sale of a North Island asset coming up but need to catch up on a backlog for advanced nutrition, then they can focus forward. 

LISTEN ABOVE 

Synlait's boss says the company's facing its toughest period in 20 years, but hopes a turnaround is near.&nbsp;
The Canterbury milk processor's posted a half year loss of $80.6 million.&nbsp;
Revenue rose $32 million to $949 million, while debt soared 88$ to $472 million.&nbsp;
Chief Executive Richard Wyeth told Mike Hosking the next six months are critical.&nbsp;
He says they've got the sale of a North Island asset coming up but need to catch up on a backlog for advanced nutrition, then they can focus forward.&nbsp;
LISTEN ABOVE&nbsp;

Richard Wyeth: Synlait CEO on the $80.6 million half-year loss, future of the company

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f6313f98-05eb-4fac-b75a-b416013aa43a/transcript

Over in the UK, Prime Minister Keir Starmer is set to chair an emergency meeting on the economic fallout from the ongoing Iran war.

The conflict has entered its fourth week, and concerns have been raised over the economic impacts - especially with living costs going up for households. 

UK correspondent Kay Oliver says petrol costs keep going up, and it's getting 'scary'.

LISTEN ABOVE

Over in the UK, Prime Minister Keir Starmer is set to chair an emergency meeting on the economic fallout from the ongoing Iran war.
The conflict has entered its fourth week, and concerns have been raised over the economic impacts - especially with living costs going up for households.&nbsp;
UK correspondent Kay Oliver says petrol costs keep going up, and it's getting 'scary'.
LISTEN ABOVE

Kay Oliver: UK correspondent on Prime Minister Starmer calling an emergency meeting on economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6c16fadd-5225-4bda-94ab-b416007c9ba2/transcript

Reports indicate more overseas visitors are cancelling trips to New Zealand, generating more concerns about the nation's economic recovery. 

A new survey shows that 77 percent of tourism operators have seen more cancellations over the last month. 

Tourism Export Council CEO Lynda Keene says she's not too concerned just yet, despite the ongoing international crisis impacting air travel. 

LISTEN ABOVE

Reports indicate more overseas visitors are cancelling trips to New Zealand, generating more concerns about the nation's economic recovery.&nbsp;
A new survey shows that 77 percent of tourism operators have seen more cancellations over the last month.&nbsp;
Tourism Export Council CEO Lynda Keene says she's not too concerned just yet, despite the ongoing international crisis impacting air travel.&nbsp;
LISTEN ABOVE

Lynda Keene: Tourism Export Council CEO on the rise in overseas visitors cancelling New Zealand trips

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/98a7f3b4-077d-4c6b-a7df-b416007937be/transcript

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

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