CORRECT: Open Country Dairy cuts milk payout below Fonterra's forecast

Mon, 18 Jan 2016

(Corrects story that ran on Monday Jan. 18, fixes ANZ current price estimate in third graph) By Edwin Mitson Jan. 18 (BusinessDesk) - Open Country Dairy, New Zealand's second largest dairy processor, has reduced its milk payout by 30 cents to an average price of between $4.00-$4.30 per kilogramme of milk solids. Chairman Laurie Margrain told BusinessDesk the revision reflected the company's view on the market at present, and that suppliers were notified last week. In September, Fonterra lifted its forecast total payout for the 2015/16...

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