Latest / Best of Business / Jamie Mackay: The Country host on Fonterra lifting the farmgate milk price forecast to $10.15/kgMS

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Jamie Mackay: The Country host on Fonterra lifting the farmgate milk price forecast to $10.15/kgMS · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talk ZEDB. Follow
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• 0:18
  Speaker 1: The Rural Report on Heather do for Sea Allan.
• 0:21
  Speaker 2: Drive Hi, host of the Countries with Us.
• 0:23
  Speaker 1: Hello, Jamie good A, Heather.
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  Speaker 2: So Fonterra has raised the farm bakeer if armgate and
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  Speaker 2: milk price forecasts have they? Yeah, well it's the forecast
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  Speaker 2: for the season just finished, So this morning a couple
• 0:34
  Speaker 2: of good news stories from Fonterra and ZESPRI in the
• 0:37
  Speaker 2: past couple of days. Sorry for the background noise. I'm
• 0:40
  Speaker 2: parked at Auckland Airport trying to find a quiet spot,
• 0:42
  Speaker 2: which isn't that easy at the moment. So yeah, for
• 0:46
  Speaker 2: the season just finished twenty four to twenty five, they've
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  Speaker 2: moved that mid point to ten dollars fifteen. The range
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  Speaker 2: is now ten dollars ten to ten dollars twenty So
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  Speaker 2: that's locked and loaded. That is baked. And perhaps of
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  Speaker 2: more interest was the number for the twenty five twenty
• 1:02
  Speaker 2: sixth season, which we've just entered into. They've narrowed that
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  Speaker 2: range because remember they had a huge range from eight
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  Speaker 2: dollars to eleven dollars and the midpoint that wasn't in
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  Speaker 2: the middle because the midpoint was ten dollars. Now they've
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  Speaker 2: narrowed that band down to nine to eleven dollars. The
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  Speaker 2: midpoint is smaking the middle at ten. They're still forecasting ten.
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  Speaker 2: That's a great result. Are the forecast earnings of sixty
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  Speaker 2: five to seventy five cents per share remain unchanged and
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  Speaker 2: that is the money in which the Fonterra Farmer shareholders
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  Speaker 2: get their dividend, and I'm reckoning it could be anything
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  Speaker 2: as high as fifty cents per share, Heather, which makes
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  Speaker 2: it a pretty good yorder. Yeah, brilliant. They deserve it.
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  Speaker 1: What about Despriy that's looking great, isn't it. Yeah.
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  Speaker 2: Yeah. I'm going to be broadcasting from Talonga tomorrow, Heather,
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  Speaker 2: so I'll be catching up with Jason to break the
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  Speaker 2: CEO for Zesprie. They've come out with the strong full
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  Speaker 2: first forecast get it right for the twenty five to
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  Speaker 2: twenty sixth season. Everything is looking at record returns with
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  Speaker 2: the exception of Sun Golden Organic Green, and they're within
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  Speaker 2: the forecast range. The Kiwi fruit industry is on a
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  Speaker 2: real high now. Their next job is to fulfill their
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  Speaker 2: next ten year plan because their previous ten year plan,
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  Speaker 2: Heather was to target four point five billion in sales
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  Speaker 2: by twenty twenty five. They've done that and if I
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  Speaker 2: just scroll down my page here, excuse me what for
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  Speaker 2: the delay? Their next ambition or their next ten year
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  Speaker 2: plan will be focused on being the world's world's healthiest
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  Speaker 2: fruit brand, and I see no reason why they can't
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  Speaker 2: do that. Heather Keiwi fruit is a superfood. Thank you, Jamie,
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  Speaker 2: as always appreciated, and good luck with your flight. That's
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  Speaker 2: Jamie mckaye, host of the Country.
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