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9 Jul 2025 19:04
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  •   Home > News > Rural

    Fonterra's happy it's further reduced debt

    Fonterra's happy it's further reduced debt


    Fonterra
    Fonterra
    It's made a 599 million dollar profit this financial year, 60 million dollars down on last time.

    The dairy giant says last year's results were boosted by selling shares in two companies.

    Farmers will get a final 2020-to-21 farmgate milk price of seven dollars.54 a kilo of milk solids, and shareholders a 20 cents per share dividend.

    CEO Miles Hurrell says it's shipped record volumes overseas despite the pandemic, and has continued to cut debt.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     29 Jun: Dairy farmers are remaining optimistic, despite some road bumps
     04 Jun: Dairy prices are down 1.6 percent at the latest Global Dairy Trade auction
     29 May: Good news for Fonterra dairy farmers - accompanied by a "but"
     29 May: Fonterra's reporting a strong rise in profit, while warning of more global uncertainty on the horizon
     26 May: Farmers are sounding the alarm - warning the sheep industry is collapsing
     25 May: Strong global dairy commodity prices are expected to be good news for farmers this season
     22 May: New Zealand farmers are benefiting from a dairy renaissance
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     Today's News

    Rugby:
    The British and Irish Lions' most recent match against the Brumbies is squarely in focus as the two teams get set to square off in Canberra tonight 18:57

    Rugby League:
    Coach Andrew Webster has revealed why Kurt Capewell is unlikely to back up from State of Origin duties for the Warriors in Sunday's NRL outing against the Wests Tigers at Mt Smart 18:37

    Entertainment:
    Jessie J's cancer has not spread following her recent mastectomy 18:36

    International:
    'Birdnesting' alternates parenting at the family home during separation. Does it work? 18:17

    Rugby:
    British and Irish Lions coach Andy Farrell insists the team they've named to play the Brumbies is subject to change ahead of the first test against the Wallabies 18:07

    Entertainment:
    Lena Dunham found the pressures of fame to be "overwhelming" 18:06

    Business:
    Another cut to the Official Cash Rate still looks more likely than not 17:47

    Entertainment:
    Oasis once tried to steal a tractor when they were "very drunk" 17:36

    Rugby League:
    Relief for New South Wales fans with their team to remain unchanged for tonight's State of Origin decider against Queensland in Sydney 17:27

    Environment:
    Mount Ruapehu's had a restless night, with a swarm of earthquakes since yesterday morning 17:27


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