28 May 2014
Fonterra have set an opening milk price of $7.00 per kg of milksolids for the 2014/15 season and have revised down their forecast for the current season in response to weak international product prices. For the current season, which officially ends on Saturday, Fonterra have forecast a milk price of $8.40, down from a previous forecast of $8.65. Along with a reconfirmed forecast dividend of 10 cents per share, the change amounts to a forecast cash payout of $8.50 for a fully shared-up farmer for the current season, Fonterra said.
