UPDATE: Fonterra farmers say good to see results trump rhetoric on earnings upgrade

Mon, 16 Nov 2015

(Adds farmer comment) By Fiona Rotherham Nov. 16 (BusinessDesk) - Dairy farmers say Fonterra Cooperative Group, the world’s largest dairy exporter, is finally starting to deliver better business returns which are meant to counter low farmgate payouts when global dairy prices are low. The Auckland-based cooperative raised its forecast available payout range for this season by 5 cents as it cuts costs and boosts margins to record levels, even as milk volumes in New Zealand decline by 5 percent. Fonterra has indicated the forecast divi...

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