Fonterra's forecast payout will take $800 million out of industry
Fonterra has slashed its milk payout to farmers while a recovery in global dairy prices is looking uncertain. With special feature audio.
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Hawke’s Bay
Fonterra has slashed its payout to farmers by 45 cents a kilo of milk solids, citing challenging global economic conditions impacting on demand for commodities including dairy.
The payout will now be $4.15/kgMS, down from $4.60/kgMS previously.
The dairy co-operative has left its forecast
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Jenny Ruth
Thu, 28 Jan 2016
Thu, 28 Jan 2016
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Fonterra's forecast payout will take $800 million out of industry
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