Comments from Fonterra CEO Theo Spierings speaks in an interview:

  • Sees 2015-16 milk payout around nz$6.25/kg milk solids
  • Confident whole milk powder prices will normalize
  • Aiming for NZ$50m-$60m in cost savings this year
  • NZ FY milk production could be unchanged vs a year ago
  • Aiming for higher dividend than 25-35 NZ cents