Fonterra farmer's received "mixed news," this week with the co-op's milk price and earnings announcement said Robert Spurway.
Fonterra's Chief Operating Officer of Global Operations spoke to The Country Early Edition's Rowena Duncum about the announcement and what it means for farmers.
Fonterra increasedits 2018/19 forecast Farmgate Milk Price range to $6.30-$6.60 per kgMS, but also revised down its forecast earnings per share.
The co-op also announced it will not be paying an interim dividend.
Also in today's interview: Spurway discusses why the co-op revised down its forecast earnings per share and Fonterra's interest in complementary nutrition.