Fonterra keeps 2015/16 payout forecast unchanged, sees global prices improving

Wed, 09 Dec 2015

By Fiona Rotherham Dec. 10 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, has maintained its forecast farmgate milk price of $4.60 per kilogram of milk solids for the 2015/16 season, banking on global dairy prices improving in the first half of next year. It’s also decided against extending the cooperative farm support loan of 50 cents per share-backed kgMS beyond this month, the Auckland-based cooperative said in a statement. Along with the estimated dividend payout of 35 to 40 cents kg/MS, the total for...

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