Fonterra maintains forecast for stronger 2018 payout despite weaker dairy prices

Wed, 01 Nov 2017

By Jonathan Underhill Nov. 2 (BusinessDesk) - Fonterra Cooperative Group has maintained its forecast for a stronger payout to its farmers for the 2018 season despite the recent decline in dairy prices on the GlobalDairyTrade platform. In presentations for the annual shareholders' meeting in Hawera this morning, the cooperative reiterated its forecast 2017/18 payout of $6.75 per kilogram of milk solids plus earnings per share in a range of 45-to-55 cents, making the forecast total available payout of $7.20 to $7.30, before retentions. The...

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