Good news for Fonterra dairy farmers – accompanied by a “but”
Sourse: dairynews.today
Fonterra forecasts a 10-dollar farmgate milk price payout for this season, with earnings between 65 to 75 cents per share.
The dairy cooperative Fonterra is projecting a 10-dollar farmgate milk price payout for the current season. This comes with an earnings range of 65 to 75 cents per share. Looking ahead, Fonterra has also forecasted another 10-dollar payout for the upcoming season.
Chief Executive Miles Hurrell maintains that while the forecast is wide, from eight dollars to eleven dollars, there is currently more downside than upside risk, due to the volatility of global markets. He emphasized the importance of being prepared for potential market shifts.
