Fonterra’s $3.2b capital return to farmers set to boost rural incomes and NZ economy
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
The latest GDT event saw the price index up 0.6%.
The crucial whole milk powder price was down just 0.1% to US$3283/tonne.
Fonterra says WMP prices must remain above US$3000/t for a $6/kgMS payout to farmers.
Full results; AMF index up 3.7%, average price US$5,528/MT Butter index up 1.6%, average price US$4,382/MT BMP index down 10.1%, average price US$2,783/MT Ched index up 1.3%, average price US$3,940/MT LAC index down 1.7%, average price US$813/MT RenCas index up 4.9%, average price US$6,470/MT SMP index down 1.6%, average price US$2,612/MT WMP index down 0.1%, average price US$3,283/MT
