Fonterra lifts payout forecast on improving global dairy prices

Tue, 22 Oct 2019

Fonterra Cooperative Group now expects to pay dairy farmers more in the current season as global dairy prices rise.The dairy giant lifted its 2019/2020 forecast farmgate milk price range from $6.25-7.25 per kilogram of milk solids to $6.55-7.55kgMS.The advance rate Fonterra pays its farmer owners will be set off the mid-point, $7.05kgMS, of the revised range, it said.“Demand for whole milk powder has been firm, and for the full season we’re expecting it to be above last year. Global WMP production is down year to date and expected to continue t...

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