Fonterra predicts lower farmer payout in 2012

05/25/2011 | Wall Street Journal, The

Fonterra chairman Henry van der Heyden said softening commodity prices and the continued strength of the New Zealand dollar could reduce payout to farmers by as much as 10% in fiscal 2012. In its most recent online auction, prices for Fonterra milk were about 16% lower than in March.

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Wall Street Journal, The

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