Co-op posts strong opening milk price forecast but economic crisis in Sri Lanka hits quarterly earnings.
Fonterra chief executive Miles Hurrell
NBR staff
Fonterra farmers can look forward to another year of strong returns as the co-op announced an opening milk price forecast for the 2022/23 season of $8.25 - $9.75 per kg of milk solids.
At the mid-point of $9 a kg, the forecast price would represent the second highest payout in Fonterra’s history,
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