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News: FSF NZ's Fonterra raises forecast for farmgate milk price to NZ$6.75

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    27/07/17
    07:30
    Post #: 26103363

    WELLINGTON, July 27 (Reuters) - New Zealand dairy giant Fonterra (FCG) (FSF) on Thursday lifted its forecast payout to farmers for the upcoming 2018 season to NZ$6.75 per kilogram.

    The company said in a statement it had lifted its forecast farmgate milk price by 25 cents on original forecast of NZ$6.50 per kilogram in May 2017.

    It also announced a forecast earnings per share range of 45 to 55 cents.

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