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Fonterra reduces milk price after trading halt

Fonterra has dropped its forecast payout to farmers and says it is unlikely to pay a final dividend because of pressure on its earnings' margins. The co-operative has lowered the farmgate milk price ... read more

Fonterra says farmgate milk price will be lower than forecast

Fonterra is reducing last season's farmgate milk price, after placing shares in a trading halt yesterday. The previously announced 25 cents to 30 cents guidance range has been held but the ... read more

Fonterra cuts milk price, slashes dividend

After calling a trading halt on shares in the Fonterra Shareholders Fund yesterday ... “You never want to have to reduce the Milk Price at the season’s end, but it is the right thing to do and $6.70 ... read more

Fonterra cuts forecast 2017-18 farmgate milk price for NZ suppliers

FONTERRA has today reduced the forecast farmgate price it will pay its New Zealand farmer suppliers for last season’s milk, after entering a trading halt on both sides of the Tasman yesterday. A ... read more

Fonterra's earnings expected to take major hit as it hits refresh button

A month ago Fonterra reduced last season's farmgate milk price to $6.70 per kilogram of milksolids from $6.75/kg, after placing shares in a trading halt. The downgrade meant farmers owning an average ... read more

Northland dairy farmers to lose nearly $5m in revised milk price

Federated Farmers Northland dairy chairman Ashley Cullen said, apart from a reduced forecast payout, of concern also was Fonterra's decision this week to halt trading on ... predicting the milk payout ... read more

Patience needed for Fonterra's streamlining, says FNZC

"While this is a not a good situation for farmers, a robust outlook for the milk price in FY19 should help ... The fund was launched in tandem with Fonterra's Trading Among Farmers scheme, as a means ... read more

Hedge Funds Look to Fonterra Milk Price For Steer on Kiwi’s Fate

Fonterra is forecast to raise its 2015-16 estimate of farmer payouts on Thursday after its decision to reduce the ... of Asia-Pacific rates trading at Credit Suisse Group AG. “If it’s able to place ... read more

UPDATE 3-Fonterra to pay Danone lower than expected $125 mln over contamination scare

The ruling would not impact its farmgate milk price forecast, Fonterra added. The company’s shares climbed 0.63 percent after the trading halt was lifted. Analysts said investors had expected the ... read more

Fonterra cuts full-year earnings outlook, to not pay interim dividend

The company added that its Latin American operations had faced difficult trading conditions ... financial year 2018, after profit margins shrunk in part due to higher milk prices the previous year. ... read more

Marc Rivers: The man with Fonterra's fortunes in his hands

In August, after placing shares in a trading halt, Fonterra reduced last season's farmgate milk price to $6.70 per kilogram of milksolids from $6.75/kg, reduced its forecast earnings per share and ... read more

Botulism Halts Fonterra’s Milk-Powder Sales to China

New Zealand said China halted imports of milk powders from Fonterra Cooperative Group Ltd. after the world’s largest dairy exporter ... are a blow for New Zealand because China is its biggest trading ... read more