Fonterra boosts farmgate milk price on improved global dairy outlook
Fonterra has lifted its forecast farmgate payout for this season while reconfirming dividend target.
Fonterra Cooperative Group has lifted its forecast farmgate milk price by 15c to $6.15 per kilogram of milk solids on strong global dairy prices despite pressure on margins and returns in the third quarter.
It has also reconfirmed its target of a full year dividend of 40c a share.
Chairman
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Fiona Rotherham
Wed, 24 May 2017
Wed, 24 May 2017
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Fonterra boosts farmgate milk price on improved global dairy outlook
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