Fonterra Cooperative says total farmer payout this year likely to be $6.40/kgMS

Wed, 07 Dec 2016

By Fiona Rotherham Dec. 8 (BusinessDesk) - Fonterra Cooperative Group has told shareholders at its annual meeting in Darfield today that the indicative payout level to its 10,500 farmer suppliers this season will be $6.40 per kilogram of milk solids. The cooperative boosted its forecast farmgate milkprice for the current season to $6/kgMS last month after rising global dairy prices, adding an estimated $3.8 billion to New Zealand's economy. It previously stated the additional dividend would be based on an earnings per share forecast of...

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