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19 Aug 2018 2:55
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  •   Home > News > Business

    Absolute disappointment for Fonterra shareholders as the dairy giant drops its forecast payout

    Absolute disappointment for Fonterra shareholders as the dairy giant drops its forecast payout


    Fonterra
    Fonterra
    The farm-gate milk price forecast has dropped five cents, to six dollars
    seventy per kilo of milk solids.

    Along with the lowered price - there is no further dividend payment for the
    second half of the year.

    Fonterra Shareholders' Council Chair Duncan Coull says it's an
    unacceptable situation.

    He says the previous price forecast earnings was always a stretch, which is
    what Fonterra has realised before making the disappointing announcement.

    © 2018 Newstalk ZB, NZCity


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