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Speaker 1: The Rural report on Heather Duper see Allan Drive Hi

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Speaker 1: host of the Countries with US. Hello, Jamie good A

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Speaker 1: Heather So. Fonterra has raised the farm bakeer if armgate

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Speaker 1: and milk price forecasts, have they? Yeah, well it's the

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Speaker 1: forecast for the season just finished. So this morning a

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Speaker 1: couple of good news stories from Fonterra and Zesper in

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Speaker 1: the past couple of days. Sorry for the background noise

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Speaker 1: on parked at Auckland Airport trying to find a quiet spot,

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Speaker 1: which isn't that easy at the moment. So yeah, for

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Speaker 1: the season just finished twenty four to twenty five, they've

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Speaker 1: moved that midpoint to ten dollars fifteen. The range is

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Speaker 1: now ten dollars ten to ten dollars twenty so that's

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Speaker 1: locked and loaded. That is baked. And perhaps of more

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Speaker 1: interest was the number for the twenty five twenty sixth season,

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Speaker 1: which we've just entered into. They've narrowed that range because

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Speaker 1: remember they had a huge range from eight dollars to

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Speaker 1: eleven dollars and the midpoint that wasn't in the middle

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Speaker 1: because mid the midpoint was ten dollars. Now they've narrowed

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Speaker 1: that band down to nine to eleven dollars. The midpoint

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Speaker 1: is smaking the middle at ten. They're still forecasting ten.

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Speaker 1: That's a great result. Are the forecast earnings of sixty

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Speaker 1: five to seventy five cents per share remain unchanged and

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Speaker 1: that is the money in which the Fonterra Farmer shareholders

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Speaker 1: get their dividend, and I'm reckoning it could be anything

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Speaker 1: as high as fifty cents per share, Heather, which makes

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Speaker 1: it a pretty good yielder. Yeah, brilliant. They deserve it.

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Speaker 1: What about Zespriy that's looking great, isn't it. Yeah. Yeah,

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Speaker 1: I'm going to be broadcasting from Talonga tomorrow, Heather, so

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Speaker 1: I'll be catching up with Jason to break the CEO

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Speaker 1: for Zesprey. They've come out with the strong full first forecast,

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Speaker 1: get it right for the twenty five to twenty sixth season.

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Speaker 1: Everything is looking at record returns with the exception of

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Speaker 1: Sun Golden Organic Green and they're within the forecast range.

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Speaker 1: So the Kiwi fruit industry is on a real high. Now.

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Speaker 1: Their next job is to fulfill their next ten year

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Speaker 1: plan because their previous ten year plan, Heather, was to

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Speaker 1: target four point five billion in sales by twenty twenty five.

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Speaker 1: They've done that and if I just scroll down my

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Speaker 1: page here, excuse me what for the delay? Their next

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Speaker 1: ambition or their next ten year plan will be focused

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Speaker 1: on being the world's world's healthiest fruit brand, and I

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Speaker 1: see no reason why they can't do that. Heather, Kiwi

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Speaker 1: fruit is the superfood. Thank you, Jamie, as always appreciated.

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Speaker 1: Good luck with your flight. That's Jamie McKay, host to

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Speaker 1: the Country. For more from Heather Duplessy Allen Drave, listen

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Speaker 1: live to news talks it'd be from four pm weekdays,

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Speaker 1: or follow the podcast on iHeartRadio.