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Fonterra lifts forecast FY24 earnings and Farmgate Milk Price after strong Q1 webwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webwire.com Daily Mail and Mail on Sunday newspapers.
The forecast midpoint of its payout range for the current season has been increased by 25 cents to $7.50 a kilo milk solids in a range of $7 to $8 a kilo.
Dairy giant Fonterra is now effectively forecasting a $7.50 per kilogram of milk solids price for its farmer suppliers - up 25c on its previous forecast, while its earnings forecast has been increased by an effective 5c a share