Miles Hurrell: Fonterra CEO reveals how strong result could lead to lower butter prices
Heather du Plessis-Allan Drive · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Fonterra's CEO says cheaper butter prices could be on the horizon.
The dairy co-op's announced a 13 percent rise in annual operating profit and a record-high final milk payout of $10.16 per kg.
Chief Executive Miles Hurrell says it's a great result for farmers.
He says the price of wholesale butter globally has fallen 15 percent in the past two months.
"At some point, that'll flow through to the supermarkets - I suspect that they'll set their own prices, but that should flow through and give it an element of relief."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.