Fonterra forecasts 63% surge in 2017 organic milk payout to $9.20/kgMS

Fri, 06 May 2016

By Jonathan Underhill May 6 (BusinessDesk) - Fonterra Cooperative Group forecast a 63 percent jump in its payout for organic milk for the 2016/17 season, saying it needed to secure supply in a competitive market where demand is rising worldwide. The company's opening market-linked organic milk price for next season is forecast at $9.20 per kilogram of milk solids, up from this season's $5.65/kgMS payment. "The marketplace for organic milk is very competitive and the market-linked organic milk price will help Fonterra to secure a steady...

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