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Fonterra tipped to hike forecast payout

Auckland : New Zealand | 19 days ago  
Views: 3
The Business Herald understands New Zealand's biggest company will this morning advise a significant increase in its current $5.10/kg milksolids payout forecast for the season. The increase is possible because of an improvement in international commodity prices.
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    The New Zealand Dollar spurted higher around 8am after Fonterra announced it was increasing its forecast payout to farmers to $6.05 per kilogram of milksolids, from the $5.10 announced in September. 11 Vote(s) ...
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    Fonterra raised the milk price component of the payout from NZ$4.60/kg to NZ$5.70/kg, but has cut the value add return (distributable profit) to 35 cents/kg from 50 cents/kg. Fonterra also said it would ... “The high dollar is certainly hurting
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  • Blog Source: homepaddock.wordpress.com
    In this regard, the strength of the Australian dollar is a major limitation on the opportunity for farmers to benefit further from improved commodity prices,” said Ms Stacy. Fonterra has said it will make an announcement about the season's payout
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