Fonterra payout: RBNZ needs to cut OCR, says economist
Payout is still well below break even and there will be 'a huge cashflow squeeze' over next year.
Jamie Ball talks about Fonterra on NBR Radio and on demand on MyNBR Radio.
Fonterra’s [NZX: FCG] latest payout forecast was not as bad as some feared but it is still reason for the Reserve Bank to start cutting interest rates, says a leading economist.
The forecast update is for $5.25 kg/MS for the 2015/16 year, which was at the upper end of forecasts but is still a
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Rob Hosking
Thu, 28 May 2015
Thu, 28 May 2015
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Fonterra payout: RBNZ needs to cut OCR, says economist
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