Fonterra forecasts 2024-25 farmgate milk price of $7.25-$8.75/kg, with net profit after tax increase to 60-70c/share.
New Zealand's dairy giant Fonterra forecasts an opening farmgate milk price of $7.25-$8.75/kg milk solids for 2024-25, midpoint at $8. Strong results across food, ingredients, and consumer channels led to a net profit after tax increase from 50-65c/share to 60-70c/share. FY24 continuing operations' earnings range now at 60-70c/share, reflecting robust performance in food service and consumer channels.
May 28, 2024
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