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Fonterra reduces forecast Farmgate Milk Price
date:Jul 31, 2014
Fonterra has reduced its forecast Farmgate Milk Price for the 2014/15 season from NZ$7.00 to $6.00 per kgMS and announced an estimated dividend range of 20-25 cents per share - amounting to a Forecast Cash Payout of $6.20-$6.25 for the current season.

Chairman John Wilson said the lower forecast Farmgate Milk Price reflected continuing volatility, with the GlobalDairyTrade price index declining 16% since the start of the season on June 1.

We have seen strong production globally, a build-up of

07/12 07:20