Fonterra increases forecast earnings per share range

Fonterra Co-operative Group Limited is increasing its forecast earnings per share range for the current financial year to 45-55 cents (€0.27-0.33). With a forecast Farmgate Milk Price of $4.60 this lifts the total available for payout to $5.05-5.15 per kgMS (€3.07-3.13) and would currently equate to a total forecast cash payout of $4.95-5.00 per kgMS (€3.01-3.04) after retentions. Fonterra is also increasing the rate at which farmers are paid the Co-operative Support of 50 cents per kgMS