Miles Hurrell: Fonterra CEO on the company's $1.1 billion net profit

Things are looking on the up for the dairy sector. Fonterra is returning a total dividend of 55 cents a share for the past financial year, off the back of a strong $1.1 billion net profit. It's also raising its forecast milk payout midpoint this season, from $8.50 to $9.00. CEO Miles Hurrell says demand from China's picking up, and data received overnight suggests that trend is continuing. LISTEN ABOVESee omnystudio.com/listener for privacy information.