Fonterra revises 2014/15 forecast milk price
New Zealand dairy firm Fonterra reduced its forecast Farmgate Milk Price for the 2014/15 season from $4.70 per kgMS to $4.50 per kgMS. When combined with the previously announced estimated dividend range of 20-30 cents per share, this amounts to a forecast Cash Payout of $4.70 – $4.80 for the current season. Chairman John Wilson said the reduction reflected the continuing and significant volatility in international dairy commodity prices caused by over-supply in the market. “We have
Get full access to all stories on Dairy Global
This Premium article is exclusively available for subscribers
Obtain insights from exclusive interviews
Dive into articles covering trending industry topics
Get a glimpse into dairy farms worldwide
All the news is brought to you by experienced editors and experts from around the world
Zana
van Dijk
Chris
Mccullough
Samaneh
Azarpajouh
