Fonterra likely to lift farmer payouts further this season, analysts say

Tue, 06 Dec 2016

By Tina Morrison Dec. 7 (BusinessDesk) - Fonterra Cooperative Group is expected to lift its farmgate milk price payout to farmers after a further gain in global dairy auction prices overnight. New Zealand's dominant milk processor hiked its milk price forecast last month to $6 per kilogram of milk solids for the current season, compared with $3.90/kgMS last season, and analysts in a BusinessDesk survey expect it will raise the price further as dairy prices continue to lift on the GlobalDairyTrade auction platform. Analysts are now expecti...

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