date:Jul 31, 2014
Fonterra has reduced its forecast Farmgate Milk Price for the 2014/15 season from NZ$7.00 to $6.00 per kgMS and announced an estimated dividend range of 20-25 cents per share - amounting to a Forecast Cash Payout of $6.20-$6.25 for the current season.
Chairman John Wilson said the lower forecast Farmgate Milk Price reflected continuing volatility, with the GlobalDairyTrade price index declining 16% since the start of the season on June 1.
We have seen strong production globally, a build-up of