Fonterra's forecast dairy payout next season adds $594m to GDP
Dairy NZ warns farmers to repay debt accumulated during last three seasons rather than going on a spending spree.
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National GDP will increase by an estimated $594 million due to Fonterra’s forecast farmgate milk price rising to $6.50 per kilogram of milk solids for the 2017/2018 seasons, Dairy NZ estimates.
The country’s dominant milk processor yesterday forecast a revised farmgate milk price of $6.15/kgMS
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Fiona Rotherham
Thu, 25 May 2017
Thu, 25 May 2017
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Fonterra's forecast dairy payout next season adds $594m to GDP
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