Fonterra cuts forecast 2013 payout
The high Kiwi dollar has pushed dairy giant Fonterra to slash its forecast to its farmer members, despite world dairy prices rising due to drought in the US.
AdvertisementAdvertise with NZME.
Latest fromFonterra
World dairy prices dip in overnight auction
World dairy prices fell 0.9 per cent in Fonterra's latest overnight auction.
Fran O'Sullivan: Another step, but road ahead looks rocky
Work is needed to rebuild trust between Fonterra management and its farmers.