Fonterra bumps up forecast farmgate payout to match global outlook
Fonterra's loans to farmers are now starting to be repaid.
Fiona Rotherham Thu, 27 Jul 2017
Some strengthening in global dairy market prices has led to Fonterra lifting its forecast farmgate milk price by 25c per kilogram of milk solids for the upcoming 2018 season to $6.75 per kg/MS.
The dairy co-operative has also forecast an earnings per share range of 45-55c in line with the
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