According to a report in the Dominion Post, the strength of the New Zealand dollar has made it likely that Fonterra will cut payments to its 14,000 farmer-shareholders below the forecast NZ$3.70 (US$2.04) per kilogram of milk solids.
“We understand there is some pressure on the NZ$3.70 forecast and that they have made a mess of the foreign-exchange cover,” an industry-watcher told the newspaper.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suitedelivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.
