NZ Fonterra: Total payout to farmers is forecast to be $5.25-$5.35 before retentions

More details on the Fonterra headlines posted last hours, citing that New Zealand’s dairy giant increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgms. 

Further Details:

When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions

Chairman John Wilson says current global milk prices remain at unrealistically low levels

But have started to improve

Global demand and supply continue to rebalance

"Prices have increased on GlobalDairyTrade but the increasing NZD/USD exchange rate continues to offset some of these gains."