The Traderszone Network

Published in TZ Latest News 4 August, 2015 by The TZ Newswire Staff

NZD – Westpac says it expects Fonterra to cut 15/16 milk payout to $NZ3.70

Bloomberg with the headline
Follows (yeah, that’s how they spell it …  spacesbetweenwordsareso5minutesago, you know?) auction.
more declines in dairy prices overnight at the GlobalDairyTrade
Note – the Fonterra board meeting is scheduled for August 7, revisions to the payout are expected at this meeting (current payout figure is at $5.25/mskg)