CORRECT: Signs mount that Fonterra will have to cut its payout forecast

Sun, 18 Nov 2018

(Fixes Fonterra's current forecast in third paragraph) By Jenny Ruth Nov. 19 (BusinessDesk) - The risks are mounting against Fonterra holding its current forecast milk payout and this week's GlobalDairyTrade auction could be yet another nail in its coffin. The auction results will be released early Wednesday, New Zealand time. Fonterra's current forecast is a rate of $6.25-to-$6.50 a kilogram of milk solids but Mark Lister, the head of wealth research at Craigs Investment Partners, says the trends in both dairy pricing and the rene...

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