Scoop has an Ethical Paywall
Record forecast Milk Price great news for Fonterra Farmers
MEDIA RELEASE
27 February 2014
Record forecast Milk Price great news for Fonterra Farmers
Fonterra Shareholders’ Council Chairman, Ian Brown said today’s record 2013/14 forecast Farmgate Milk Price of $8.65 per kg/MS was great news for Fonterra’s 10,500 Farmers.
Mr Brown said the announced 35 cents per kg/MS increase to the Farmgate Milk Price and the 25 cents per kg/MS increase in the advance rate schedule of payments to Farmers is a demonstration of the tangible benefits Farmers gain from Fonterra’s position in the global market.
Ian Brown: “Fonterra Farmers should feel really positive about today’s record announcement and the manner in which the Co-op has taken advantage of its strong position and seized its opportunities.
“The forecast payout and advance rate will provide our Farmers with added flexibility and enable them to move forward with continued confidence.
“Given the volatility of the market, I urge Farmers to continue to show prudence in their financial planning.”
ENDS
Parrot Analytics: Paramount Earnings - Can Ellison Strike The Right Balance?
NZ Trade and Enterprise: NZ Businesses Deliver $340 Million Trade Boost For New Zealand In China
Ngā Manu Nature Reserve: Celebrating The Return Of Tuatara To Ngāti Koata And Brook Waimārama Sanctuary
Employers & Manufacturers Association: Work-related Injuries In Manufacturing Create $1.23 Billion Economic Burden On NZ
Consumer NZ: Consumer NZ Questions Supermarket Specials: Are They Really Saving You Money?
NIWA: October Climate Summary - A Mild Month Overall, Very Wet For Much Of The South Island
