Weakening dairy prices stoke speculation Fonterra payout may fall to lowest in almost a decade

Wed, 05 Aug 2015

By Tina Morrison Aug. 5 (BusinessDesk) - Further declines in dairy prices at last night's GlobalDairyTrade auction have prompted most analysts to pull back their expectations for Fonterra Cooperative Group's payout to farmers for this season to below $4 per kilogram of milk solids, which would make it the lowest in almost a decade. Analysts have lowered their forecasts for the current 2015/16 season after the price for whole milk powder, New Zealand's key commodity export, sank 10.3 percent to US$1,590 a tonne in the GlobalDairyTrade auct...

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