RESEND2: Fonterra warned it has to stay competitive on milk payout

Wed, 12 Nov 2014

(Removes reference to contribution from value-add components in fourth from last paragraph)) By Fiona Rotherham Nov. 12 (BusinessDesk) - Fonterra Cooperative Group had to set the benchmark for a competitive farmgate milk price, former director Jim van der Poel told the diary exporter's annual meeting in his exit speech. His comments came after shareholders raised concerns over the reduced forecast milk payout for the 2015 season. The forecast farmgate milk price it pays farmers was slashed in September from $6 per kilogram of milk sol...

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