UPDATE: Fonterra says more assets under review as it cuts guidance, narrows forecast payout

Thu, 23 May 2019

(Adds detail throughout, comment from economist on payout forecast) By Rebecca Howard May 23 (BusinessDesk) - Fonterra Cooperative Group narrowed the range for its forecast payout to farmers this season, cut its earnings guidance and says it may sell more assets as it slims down its operations and focuses on its core business. The cooperative has started a strategic review of its two farm hubs in China, is reviewing options for the future ownership of its Brazil joint venture with Nestle, and is closing its Dennington factory in Aus...

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