The boss of Fonterra is playing down concerns about the Chinese market.
Fonterra playing down China concerns, following 23 percent profit increase
Fonterra. (Photo/ Getty)

Fonterra’s half year profit is up 23 percent, and its interim dividend is up 50 percent, as it sells more processed product at a higher profit margin.

But it’s keeping the forecast milk payout midpoint unchanged at $7.80, following a recent drop in global raw product prices.

Fonterra Chief Executive Miles Hurrell says China is still a growth opportunity, but it’s only part of their diversified global strategy.

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