Fonterra says 2016 forecast milk payout tied to reovery in dairy prices next year

Tue, 24 Nov 2015

By Fiona Rotherham Nov. 25 (BusinessDesk) - Fonterra Cooperative Group has affirmed its guidance for the 2016 milk payout to farmers, although chairman John Wilson said it was dependent on global dairy prices rising in the first half of next year from current unsustainable levels. The world’s largest dairy exporter has forecast a farmgate milk price of $4.60 per kilogram of milk solids and a cash dividend of 35-to-40 cents per share for a total payout of $4.95/kgMS to $5/kgMS. Fonterra has faced a challenging year globally with low dai...

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