Jamie McKay: India Won’t Be Interested in a Free Trade Deal for Milk
Source: dairynews.today
Fonterra Ltd raises its FY25 earnings expectations amid uncertainties over a potential free trade deal with India for milk.
In a significant development for the dairy industry, Jamie McKay has voiced skepticism about India’s interest in a free trade agreement involving milk.
This statement surfaces as Fonterra Ltd, a prominent player in the sector, announces a rise in its full-year FY25 earnings guidance from 40-60 cents per share to 55-75 cents per share, bolstered by strong market conditions and a forecasted $10 milk price, with a more precise range of NZ $9.70 - $10.30 per kgMS.
The cooperative's fiscal strategy reflects confidence, with dividends anticipated to cover 60-80% of yearly earnings, and potentially 50% of the year's dividend being distributed in interims. Despite these advances, Jamie McKay, host of The Country, conveyed on Newstalk ZB the challenges anticipated in negotiating such a trade deal with India, given the complexity and sensitive nature of dairy trade matters.
This statement surfaces as Fonterra Ltd, a prominent player in the sector, announces a rise in its full-year FY25 earnings guidance from 40-60 cents per share to 55-75 cents per share, bolstered by strong market conditions and a forecasted $10 milk price, with a more precise range of NZ $9.70 - $10.30 per kgMS.
The cooperative's fiscal strategy reflects confidence, with dividends anticipated to cover 60-80% of yearly earnings, and potentially 50% of the year's dividend being distributed in interims. Despite these advances, Jamie McKay, host of The Country, conveyed on Newstalk ZB the challenges anticipated in negotiating such a trade deal with India, given the complexity and sensitive nature of dairy trade matters.
