Julia Jones: Dairy sector expert on Fonterra reducing forecast payout to farmers despite record profits
Early Edition with Ryan Bridge · Newstalk ZB
April 3, 20232m 59s
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Show Notes
Fonterra's revised forecast for the 2022/23 shows a worrying outlook for the dairy industry.
The milk giant has revised down its farmgate price to between $8.00 and $8.60 per kg of milk solids.
It's a sharp drop from the record payout of $9.30 last season.
Head of Insight at NZX Limited and dairy sector expert Julia Jones joined Kate Hawkesby.
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Business