date:Dec 11, 2013
New Zealand's Fonterra on Wednesday forecast a fall of up to 50 percent in full-year earnings and slashed its dividend, hurt by high input costs and operational constraints that have held it back from making the most of record high dairy prices.
The co-operative, which controls nearly a third of the world dairy trade, forecast earnings before interest and tax (EBIT) in the year to July 2014 of NZ$500 million-NZ$600 million ($415 million-$500 million), from NZ$1.02 billion in 2013.
Fonterra kep