Fonterra likely to lift farmer milk payments next season, analysts say

Wed, 18 May 2016

By Tina Morrison May 18 (BusinessDesk) - Fonterra Cooperative Group is expected to lift its farmgate milk price payout to farmers next season, although it's likely to mark the third year of prices below the level required by most farmers to break even. New Zealand's dominant milk processor is scheduled to hold a board meeting on Tuesday and Wednesday of next week, and may release its opening milk price forecast for the 2016/17 season early Thursday morning. Analysts in a BusinessDesk survey expect a payout of at least $4.43 per kilogram o...

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