Fonterra keeps forecast farmgate payout at $6/kgMS, sees global dairy prices stable or rising

Wed, 22 Feb 2017

By Paul McBeth Feb. 23 (BusinessDesk) - Fonterra Cooperative Group has kept its forecast farmgate payout at $6 per kilogram of milk solids, citing the rebalancing of demand and supply which led to a slump in dairy prices last year, and expects those prices to either stay stable of "gradually increase. The Auckland-based cooperative today affirmed the forecast farmgate milk price announced in November, and combined with projected 50-to-60 cents earnings per share would deliver a total payout to farmers of $6.50 to $6.60 before retentions,...

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