Fonterra brings forward milk supply payments

Tue, 28 Apr 2020

Fonterra Cooperative Group will bring forward payments for its milk supply from June as part of a wider plan to improve cashflow for its farmer shareholders.The world’s biggest dairy exporter will make its monthly payments on the 15th of the month from June, compared to the 20th currently, and will make its final settlement with farmers no later than five working days after its annual results announcement. It will also simplify its advance rate guideline from July, starting it at 65 percent of the mid-range for the payout forecast.Fonterr...

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