Since the news of Fonterra recording a 50 percent increase in record profits, it has now cut its season forecast milk payment to farmers.

The forecasted payments have lowered to a range of $8.00 to $8.60 per kg of milk solids, reducing the midpoint of the range by 20 cents from $8.50 to $8.30 per kg.

They are putting the blame on global demand from China weakening.

Dairy NZ chief executive Tim Mackle joined Mike Hosking.

LISTEN ABOVE

Since the news of Fonterra recording a 50 percent increase in record profits, it has now cut its season forecast milk payment to farmers.
The forecasted payments have lowered to a range of $8.00 to $8.60 per kg of milk solids, reducing the midpoint of the range by 20 cents from $8.50 to $8.30 per kg.
They are putting the blame on global demand from China weakening.
Dairy NZ chief executive Tim Mackle joined Mike Hosking.
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

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