Economic weather report: Lower Fonterra payout means NZ$1 billion less for economy
27th May 09, 10:38pm
by
Bernard Hickey explains in this Economic Weather Report what Fonterra's NZ$4.55/kg payout forecast for 2009/10 means for the economy. The forecast was lower than expected and means about NZ$1 billion less will flow into the economy from dairy exports. It also means farmers will face significant cash flow pressures.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.