Miles Hurrell: Fonterra Chief Executive on 8% net profit rise, and the hope for dairy to be included in India’s FTA - Heather du Plessis-Allan Drive

It’s good news for diary giant Fonterra, whose first half net profit is up 8 percent to $729 million, with a revenue growth of 14 percent.

A dividend of 22 cents a share will be paid, and the forecast farmgate milkprice is sitting at a midpoint of $10 a kilo.

What is the message to farmers?

Fonterra Chief Executive Miles Hurrell talks to Tim Beveridge about the result.

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