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News: FSF Fonterra raises farmgate milk forecast payout to $6.15

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    24/05/17
    07:02
    Post #: 24872154

    New Zealand dairy giant on Fonterra (FCG) (FSF) on Thursday lifted its forecast payout to farmers for the 2016/2017 season by NZ$0.15 to NZ$6.15 per kilogram on rising global dairy prices.

    The company said in a statement to the stock exchange that it was forecasting a Farmgate Milk Price of NZ$6.50 per kilogram for the 2018 season.

    Fonterra held steady its target dividend in 2017 of NZ$0.40 per share.

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