Fonterra early dividend to ease supplier woes

Fonterra has promised to deliver an early dividend payment to help ease some of the pressure its suppliers are feeling from the long-term drop in global milk prices.

Fonterra’s early dividend will benefit its 10,500 farmer-shareholders in New Zealand, who have seen around NZ$7bn (€4.15bn) wiped off their revenue in the past two years due to low prices, according to Reuters.

However, the co-op will not directly assist its Australian suppliers.