Forecast milk payout could add $1 billion to economy

The figure represents the increase in export earnings that farmers can expect as a result of Fonterra's upwards revision to the payout forecast, compared to the earlier lower forecast. 

Jason Walls
Fri, 25 Sep 2015

Fonterra’s [NZX: FCG] decision to raise its forecast milk payout from $3.85kg/MS to $4.60kg/MS may add roughly $1 billion to the economy compared with previous estimates.

Westpac senior economist Satish Ranchhod says the figure represents the increase in export earnings that farmers can expect as

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