Fonterra sets final milk payout at $4.46 per kg

NEW ZEALAND - Dairy giant Fonterra Cooperative Group Ltd has announced its final milk payout for the 2006-07 season will be $4.46 per kilogram of milk solids (kg/MS).
calendar icon 25 July 2007
clock icon 1 minute read
The result is an 11 cent improvement on the last payout forecast announced in May.

There was speculation that Fonterra's $5.53/kg forecast payout for the current season could rise to more than $6.60/kg.

New Zealand Dairy Farmers vice-chairman, Lachlan McKenzie, says farmers will not receive the full payout until August next year.

He says the advance payment they are currently getting amounts to little more than $3/kg.

Source: National Business Review
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