Milk Price

Fonterra has published its 2015/16 financial report, revealing profits after tax of $604m

Fonterra profits up 65%

By Jim Cornall

New Zealand’s Fonterra Co-operative Group has announced a 65% increase in net profit after tax to NZ$834m ($604m) for the financial year ended July 31, 2016.

Fonterra's chief executive believes things will improve later in the year.

Fonterra cuts forecast milk price

By Jim Cornall

Fonterra Co-operative Group Limited has reduced its forecast Farmgate Milk Price for the 2015/16 season from $2.97 (NZ$4.60) per kgMS to $2.68 (NZ$4.15) per kgMS.


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