date:Sep 27, 2012
year.
The firm, which is owned and supplied by its 10,500 farmer shareholders, has attributed its results to the falling price of dairy products during the year as a result of increased milk production. Fonterra reported an 11% increase for the 2012 season.
Alongside its results, Fonterra announced a final payout of NZ$6.40 per kilogram of milk solids (kgMS) for fully shared up farmers for the 2012 season a 19% decrease on the $7.60 paid out last year.
Record milk production
All around the