Fonterra cuts this season's milk price by 10c, forecasts $5.25/kgMS for 2015

Wed, 27 May 2015

By Fiona Rotherham May 28 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, has announced a cautious opening farmgate milk price forecast for the new 2015/2016 season of $5.25 per kilogram of milk solids, at the upper end of commentators' expectations, while knocking a further 10 cents/kgMS off this season’s figure to the lowest level in eight years. Along with its previously announced forecast dividend range of 20-30 cents per share, the change for this season makes a total forecast cash payout of $4.60 - $...

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