Fonterra hikes milk price forecast by 50c, solid result beckons
Plus, dairy product prices were up at the GDT auction, and farmer confidence is a at three year high. Analysts expect upbeat profit announcement
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Summer features
Fonterra has raised its forecast farmgate milk price for the 2016/17 season by 50c to $5.25/kg of milk solids.
Combined with the earnings per share for the 2017 financial year, of between 50-60c, the total payout available to farmers for this season is forecast at $5.75-5.85/kgMS.
Fonterra
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Jason Walls
Wed, 21 Sep 2016
Wed, 21 Sep 2016
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Fonterra hikes milk price forecast by 50c, solid result beckons
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