Plant-based bubble bursts
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Waikato dairy processor Tatua has announced a final payout of $7.50/kgMS for 2011-12, easily beating Fonterra.
Fonterra has announced a final payout of $6.40/kgMS for the 2011-12 season, a drop of 19% over the previous year.
Fonterra has dropped its forecast farmgate milk price by 30c for the current season to $6.05 and is forecasting a $5.95-$6.05 payout range for the 2012/13 season.
Fonterra has dropped its forecast farmgate milk price by 30c for the current season to $6.05 and is forecasting a $5.95-$6.05 payout range for the 2012/13 season.
Fonterra's decision to drop its 2011-12 forecast payout by 15c/kgMS demonstrates the trade exposed nature of our primary industries, says Federated Farmers Dairy chairman Willy Leferink.
Fonterra is reducing its 2011-12 forecast payout by 15c/kgMS as a result of declining commodity prices and a soaring Kiwi dollar.
FONTERRA HAS upped its forecast payout for the 2012 season 20c/kgMS to $6.90-$7.00 for a fully shared up farmer.
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