Fonterra lifts forecast milk payments for 2017, 2018 seasons on higher prices

Tue, 23 May 2017

By Tina Morrison May 24 (BusinessDesk) - Fonterra Cooperative Group lifted its forecast farmgate payout for this season, and raised its expectations for next season, as the world's largest exporter of dairy products benefits from rising prices. The Auckland-based cooperative increased its expected payout for the current 2016/17 season to $6.15 per kilogram of milk solids, up from its previous forecast of $6/kgMS, and also raised its initial forecast for the upcoming 2017/18 season to $6.50/kgMS. It confirmed its forecast earnings per shar...

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