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Another signal from Fonterra that next season’s milk payout will drop.
The co-op has announced a raft of measures to boost farmer cash flow in the new season, bringing forward milk payments from June.
Monthly payments will be made on the 15th of the month from June, compared to the 20th currently. Final settlement (wash up payment) will be no later than five working days after its annual results announcement.
Advance rate guideline from July will start at 65% of the mid-range for the payout forecast.
After enjoying $6-plus payouts for the past four years, Fonterra farmers are being told to brace for a drop in milk payout next season.
Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.
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Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.
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