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BNZ cuts forecast for Fonterra 2015/16 payout, citing weak international dairy prices

2015-11-13 05:36:55| Food - Topix.net

Bank of New Zealand cut its forecast for Fonterra Cooperative Group's payout to farmers this season amid continued weakness in international dairy prices. BNZ reduced its forecast for the 2015/16 season to $4.50 per kilogram of milk solids from a previous estimate of $5/kgMS, pushing it below Fonterra's current projection of $4.60/kgMS.

Tags: international prices weak cuts

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