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Fonterra payout forecasts follow auction prices down

Fuseworks Media
Fuseworks Media

Forecasts for Fonterra's 2011/12 and 2012/13 payouts have fallen following last night's 10% plunge in prices on the company's global dairy auction system.

According to the 6000 registered traders on New Zealand's online predictions market, iPredict, the 2011/12 payout per kilogram of milk solids (before retentions) is now likely to be $6.74, down $0.07 from the $6.81 forecast when iPredict last reported on Monday.

The 2012/13 payout forecast has been harder hit, and is now just $6.14, down $0.35 or 5.4% from the $6.49 forecast on Monday.

Forecasts for the following three out-years were unaffected by the overnight developments and sit at $7.42 for 2013/14, $7.50 for 2014/15 and a rough early estimate of $7.69 for 2015/16.

iPredict works based on the theory of the wisdom of crowds and anyone can trade in its stocks by signing up for free at Fonterra stocks can be traded at

The company is owned by Victoria University of Wellington.

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