Fonterra payout down to $4.70

Fonterra chair John Wilson’s message to suppliers:

Today we announced that the forecast Farmgate Milk Price for the 2014/15 season is being reduced from $5.30 per kgMS to $4.70 per kgMS.
When combined with the previously announced estimated dividend range of 25-35 cents per share, this amounts to a forecast Cash Payout of $4.95 – $5.05 for the current season. . . 

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