UPDATE: Fonterra Shareholders' Council relieved at dairy forecast being maintained

Wed, 25 Feb 2015

(Adds Fonterra Shareholders Council comments) By Fiona Rotherham Feb. 26 (BusinessDesk) - Farmers will be relieved at today’s decision by Fonterra Cooperative Group, the world’s largest dairy exporter, to maintain its forecast payout to farmer shareholders for the current season at $4.70 per kilogram of milk solids, says Fonterra Shareholders’ Council chairman Ian Brown. The Auckland-based company held the forecast steady and maintained guidance for a dividend range of between 25 cents and 35 cents per share. It compares with a record...

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