Fonterra affirms 2015 milk price payout of $5.30/kgMS

Tue, 11 Nov 2014

Nov. 12 (BusinessDesk) - Fonterra Cooperative Group chairman John Wilson has affirmed the world's biggest dairy exporter plans to pay its farmers $5.30 per kilogram of milk solids for the 2015 season. Wilson affirmed the payout in presentation slides for Fonterra's annual meeting in Palmerston North today. It also expects to pay a dividend of 25-35 cents a share, making a total payment of $5.55 to $5.65. The 2014 payout was $8.50 including a 10 cent dividend. The Reserve Bank cited the reduced milk payout in its financial stability report...

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