Fonterra cuts forecast milk price by 30c
Fonterra cuts forecast milk price by 30c Updated: 17:03, Tuesday May 22, 2012 Fonterra has cut its forecast 2012 milk price and flagged lower payments in 2013 in response to a slide in global prices for dairy commodities.
Dairy cooperative Fonterra lifted its forecast payout to farmers to $NZ6.05 per kilogram of milksolids, from the $NZ5.10 announced in September.