5 Aug 2015

A cut in forecast dairy payout certain this Friday - economist

From Business News, 12:21 pm on 5 August 2015

An economist says there's only one way Fonterra can go with its forecast payout to farmers this Friday - and that's down. Dairy prices plunged again in the latest global dairy auction, with the key whole milk powder price slipping more than 10 percent to nearly 16-hundred ($1,590) US dollars a metric tonne.