WELLINGTON, Nov 18 (Reuters) - Dairy co-operative Fonterra FCG.NZ said on Friday it was raising its forecast farmgate milk payout to NZ$6 per kilogram of milk solids (kgMS).
The continuing rise in global dairy prices since July had prompted the dairy giant to raise the forecast payout from a previously predicted NZ$5.25 kgMS .
Forecast earnings per share for the 2017 year were NZ$0.50 to NZ$0.60, meaning farmers were likely to earn at least $6.50 kgMS in the current season.