MEDIA RELEASE
27 August 2013
Dear Sir or Madam,
Increased forecast milk price, a positive for dairy farmers and all of New Zealand: Brown
All of New Zealand will benefit from today’s announced 30 cent increase in the Forecast Farmgate Milk said Fonterra
Shareholders’ Council Chairman, Ian Brown.
The Fonterra Board of Directors today announced a revised Farmgate Milk Price forecast of $7.80 per kg/MS for the
2013/14 season, a 30 cent increase, keeping the advance rate at $ 5.50 and the previously estimated dividend at 32 cents
per share.
Ian Brown: “This result shows the strength of demand on the international market for dairy products and the benefits
will flow through New Zealand from farmers increased ability to spend on the inputs required to operate our dairy farms.
“This is further positive news for farmers as most farmers are still working through the residual effects of last
season’s drought and is very welcome.
“As always, given the volatility of the market, I urge Farmers to continue to show prudence in their financial
planning.”
ENDS
ABOUT THE FONTERRA SHAREHOLDERS’ COUNCIL
The Fonterra Shareholders’ Council represents the interests of Fonterra Farmers to the Board of the Co-operative and
plays an active role in monitoring and assessing the governance and performance of Fonterra. There are 35 Councillors
who are all Shareholders elected by their fellow Farmers in wards across New Zealand.