From earlier in NZ, dairy news
Fonterra has raised its forecast payout to farmers
- citing rising Asian demand
- but has cancelled its interim dividend
Now expects to pay $6.30-6.60 per kilogram of milk solids in the current season
from December forecast of $6-6.30/kgMS
- And $6.69/kgMS in the 2018 season
- Has also scaled back its milk collection forecast by 20 million kg to 1,530 million kgMS, which is still 2 per cent more than last season
Via NZ Herald
