Displaying items by tag: payout

FOR THE first time in the cooperative’s history, Fonterra could be forced to clawback payout as dairy markets continue to slide.

THE COUNTRY’S second-largest dairy company Westland has cut its payout for the coming season and it’s expected Fonterra will make a similar call this month.

WESTLAND HAS reduced its forecast payout by 40c to $5-$5.40/kgMS.

‘DISAPPOINTING’ WAS economists’ key word last week as GlobalDairyTrade resumed its slide, falling 3.1% overall with powders plunging 5-6%.

DESPITE A favourable winter and early spring, this season’s lower forecast milk price shows how quickly things can change. Farm budgets are vital, says DairyNZ economist Angie Fisher.

FONTERRA FARMERS will get another chance to lock in 20 million kgMS of their milk supply for a fixed price.

DAIRY FARMERS need to act now to avoid going backwards once the forecast payout starts to bite next year, says Justin Geddes, agribusiness principal at Crowe Horwath.

FONTERRA SHAREHOLDERS Council says it backs the co-op's decision to pay a lower milk price last year than the price calculated in accordance with the milk price manual.

A MOTION calling for Fonterra to halt its expansion strategy until milk payout recovers has been defeated.

FONTERRA IS assuring farmers that the milk payout will remain its main priority.