Fonterra lifts 2014 forecast payment to farmers

Tue, 28 May 2013

By Tina Morrison May 29 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, expects to pay $1.20 more to farmers per kilogram of milk solids for the 2014 season as a result of strong international prices for dairy products. The farmer-owned cooperative will pay $7 per kgMS next season, up from $5.80 in the current season, it said in a statement today. Auckland-based Fonterra held its forecast price and dividend of 32 cents per share for the current season and said it will announce its forecast dividend for the 201...

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