Another bumper season ahead for Fonterra farmers
Co-op posts strong opening milk price forecast but economic crisis in Sri Lanka hits quarterly earnings.
Fonterra chief executive Miles Hurrell
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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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