Things are looking on the up for the dairy sector.

Fonterra is returning a total dividend of 55 cents a share for the past financial year, off the back of a strong $1.1 billion net profit.

It's also raising its forecast milk payout midpoint this season, from $8.50 to $9.00.

CEO Miles Hurrell says demand from China's picking up, and data received overnight suggests that trend is continuing.

LISTEN ABOVE

Things are looking on the up for the dairy sector.
Fonterra is returning a total dividend of 55 cents a share for the past financial year, off the back of a strong $1.1 billion net profit.
It's also raising its forecast milk payout midpoint this season, from $8.50 to $9.00.
CEO Miles Hurrell says demand from China's picking up, and data received overnight suggests that trend is continuing.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Advertisement