Jamie Mackay: The Country host on Fonterra posting a stronger-than-expected net profit - Heather du Plessis-Allan Drive

Kiwi dairy farmers can breathe a sigh of relief following Fonterra's successful results.

The dairy giant posted a $1.1 billion dollar net profit and confirmed a 55 cent total dividend for the past financial year.

The Country's Jamie Mackay explains what this news means for the wider dairy sector.

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