Fonterra likely to hike milk payment to NZ farmers as prices improve, OMF says

Mon, 19 Feb 2018

By Tina Morrison Feb. 20 (BusinessDesk) - Fonterra Cooperative Group may lift its farmgate milk price payout to farmers this season following increases in Global Dairy Trade auction prices, according to brokerage OMF. New Zealand's dominant milk processor has said it expects to pay its farmer suppliers $6.40 per kilogram of milk solids for the 2017/18 season, however OMF said in its monthly New Zealand Dairy Report published today that strengthening dairy prices have pushed up the expected payout in its modelling to $6.78/kgMS. "Based...

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