Fontera Expects A 27pc Increase For Farmers
UK - World supply constraints are expected to be a bigger factor over the next year than any consumer reaction against the big dairy price rises in the past few months, says Fonterra chief executive Andrew Ferrier.
1 June 2007
1 minute read
The forecast payout is $5.53/kg MS, up from $4.35/kg MS (milk solids) for the season ending this week.
Chairman Henry van der Heyden says he is “not prepared to guess” whether this year’s
figure can rise when the final payout is decided in late July.
The entire commodity price is paid out to farmer suppliers and Fonterra’s profit is reflected in the added-value consumer brands portion of its business.
The commodity price rises have superseded the impact of the high NZ currency.
Source: Farmers Guardian
