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Andrew Murray: Fonterra Chief Financial Officer on the company lifting its forecast Farmgate Milk Price to $10

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Manage episode 453835354 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Dairy giant Fonterra has raised its forecast milk price payout to a midpoint of $10 - the second rise in less than a month.

The company says this new forecast reflects strong international demand, particularly from China and Southeast Asia.

Fonterra's CFO Andrew Murray says this news has been received positively by farmers.

"US production is very flat and European production is down - so the demand from imports is pretty good from our perspective and we've had a strong start to the season as well."

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See omnystudio.com/listener for privacy information.

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8318 episodes

Artwork
iconShare
 
Manage episode 453835354 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Dairy giant Fonterra has raised its forecast milk price payout to a midpoint of $10 - the second rise in less than a month.

The company says this new forecast reflects strong international demand, particularly from China and Southeast Asia.

Fonterra's CFO Andrew Murray says this news has been received positively by farmers.

"US production is very flat and European production is down - so the demand from imports is pretty good from our perspective and we've had a strong start to the season as well."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

8318 episodes

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