ASB economist Nathan Penny said the dairy giant had not told anyone but he had «wangled» the information out of them.
Last year Fonterra waited until September before raising its payout forecast, which at present sits at $4.25 per kilogram of milksolids.
As well as updating the forecast, Fonterra will also make an announcement on earnings per share and a global dairy market update.
«At this juncture, we expect Fonterra to stick with its current milk price forecast of $4.25/kg, and we expect a similar forecast to the 2015-16 range of 45 to 55c per share,» Penny said.
Source: Stuff
Link: http://www.stuff.co.nz/business/farming/82637743/fonterra-to-make-surprise-announcement-on-milk-price-dividend
