Fonterra to kick off new season with strong payout forecast

Fonterra to kick off new season with strong payout forecast
Results for nine months to April 30 are slightly disappointing says analyst (Image: Getty)
Rebecca Howard
Fonterra’s opening forecast for the season that is about to kick off is $8.25-to-$9.75 per kilogram of milk solids (kgMS), with a midpoint of $9.00/kgMS.Chief executive Miles Hurrell said the opening forecast reflects continued demand for dairy coupled with constrained global supply.NZX senior analyst Amy Castleton said that “the range for the new season, with the midpoint of $9/kgMS, is a strong opening forecast, and follows the trend of high milk prices over the last several seasons”.Hurrell said, however, the forecast is wi...

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