Fonterra’s ingredients and food service business made $1.3 billion in underlying profit, up from about $1 billion last year.

Dr Nic Lees, Senior Lecturer in the Department of Agribusiness and Markets at Lincoln University, says the $2.6 billion headline figure includes $1.3 billion from an accounting revaluation of the consumer business.

He says food service demand was good, so Fonterra pushed more milk into it at much higher margins. Lower milkfat prices also cut input costs.

Read the full story: country-wide.co.nz/ingredients-and-food-service-drive-fonterra-profit-growth

 

WANT TO LISTEN TO THE SHOW LIVE (11am-1pm NZST) ON THE GO? Download CountryWide Connect mobile app to stream the show via Apple Car Play or Android Auto. Or try the voice command ‘Play CountryWide Connect’ on Amazon Alexa or Google Home.

 

Apple:https://apps.apple.com/nz/app/countrywide-connect/id6761033881

Google Play:https://play.google.com/store/apps/details?id=nz.co.countrywide&hl=en_NZ

Fonterra’s ingredients and food service business made $1.3 billion in underlying profit, up from about $1 billion last year.
Dr Nic Lees, Senior Lecturer in the Department of Agribusiness and Markets at Lincoln University, says the $2.6 billion headline figure includes $1.3 billion from an accounting revaluation of the consumer business.
He says food service demand was good, so Fonterra pushed more milk into it at much higher margins. Lower milkfat prices also cut input costs.
Read the full story: <a href="https://country-wide.co.nz/ingredients-and-food-service-drive-fonterra-profit-growth/">country-wide.co.nz/ingredients-and-food-service-drive-fonterra-profit-growth</a>
&nbsp;
WANT TO LISTEN TO THE SHOW LIVE (11am-1pm NZST) ON THE GO? Download CountryWide Connect mobile app to stream the show via Apple Car Play or Android Auto. Or try the voice command &lsquo;Play CountryWide Connect&rsquo; on Amazon Alexa or Google Home.
&nbsp;
Apple: <a href="https://apps.apple.com/nz/app/countrywide-connect/id6761033881">https://apps.apple.com/nz/app/countrywide-connect/id6761033881</a>
Google Play: <a href="https://play.google.com/store/apps/details?id=nz.co.countrywide&amp;hl=en_NZ">https://play.google.com/store/apps/details?id=nz.co.countrywide&amp;hl=en_NZ</a>

CountryWide CONNECT is the latest innovative daily livestreamed rural video/radio show broadcast at lunchtime 11am – 1pm Monday-Friday from Christchurch, New Zealand.


The show is hosted by respected award-winning agribusiness broadcasters, Sarah Perriam-Lampp (formerly Sarah’s Country & Rural Exchange) and Andy Thompson (formerly The Rural Round-Up).


Over two hours, Sarah & Andy cover the latest in New Zealand rural news, views, politics but most importantly in-depth technical farming advice to help improve farmers bottom lines!

For more information & to subscribe to CountryWide, visit www.country-wide.co.nz

CountryWide CONNECT is the latest innovative daily livestreamed rural video/radio show broadcast at lunchtime 11am &ndash; 1pm Monday-Friday from Christchurch, New Zealand.
 The show is hosted by respected award-winning agribusiness broadcasters, Sarah Perriam-Lampp (formerly Sarah&rsquo;s Country &amp; Rural Exchange) and Andy Thompson (formerly The Rural Round-Up).
 Over two hours, Sarah &amp; Andy cover the latest in New Zealand rural news, views, politics but most importantly in-depth technical farming advice to help improve farmers bottom lines!
For more information &amp; to subscribe to CountryWide, visit www.country-wide.co.nz

CountryWide CONNECT

CountryWide CONNECT is an innovative daily livestreamed rural video/radio show broadcast at lunchtime 11am – 1pm Monday-Friday from Christchurch, New Zealand.


The show is hosted by respected award-winning agribusiness broadcasters, Sarah Perriam-Lampp (formerly Sarah’s Country & Rural Exchange) and Andy Thompson (formerly The Rural Round-Up).


Over two hours, Sarah & Andy cover the latest in New Zealand rural news, views, politics but most importantly in-depth technical farming advice to help improve farmers bottom lines!

For more information & to subscribe to CountryWide, visit www.country-wide.co.nz

CountryWide CONNECT is an innovative daily livestreamed rural video/radio show broadcast at lunchtime 11am &ndash; 1pm Monday-Friday from Christchurch, New Zealand.
 The show is hosted by respected award-winning agribusiness broadcasters, Sarah Perriam-Lampp (formerly Sarah&rsquo;s Country &amp; Rural Exchange) and Andy Thompson (formerly The Rural Round-Up).
 Over two hours, Sarah &amp; Andy cover the latest in New Zealand rural news, views, politics but most importantly in-depth technical farming advice to help improve farmers bottom lines!
For more information &amp; to subscribe to CountryWide, visit www.country-wide.co.nz