Noosa News
Pay rise for dairy farmers as Fonterra announces $32m half-year Australian profit
Dairy farmers supplying dairy company Fonterra in Australia have today received a pay rise, coinciding with the company’s announcement of its interim financial results.
Key points:
- A key Australian dairy processor is going to increase the price it pays to Australian suppliers
- Farmers will get an extra 13 cents per kilogram of milk solids
- Fonterra says a sharp rise in commodity prices allowed the step-up
Suppliers will receive an extra 13 cents per kilogram of milk solids for the 2020/21 year, taking the company’s average farmgate milk price to $6.53c/kgMS.
The company has also released its interim financial results today, showing a 17 per cent increase in normalised earnings before interest and tax of NZ$684 million ($A736 million).
Fonterra…
-
Noosa News10 hours agoMan charged over allegedly abandoning Arnie the German shepherd in car after claiming dog and vehicle were stolen
-
Noosa News11 hours agoMotorcyclist dies in crash with truck
-
Noosa News11 hours agoSomerville House investigating after teachers’ dossier on students leaked
-
General16 hours agoSmall-town cleaner finds himself in legal battle with EnduroShield over product packaging