“The immediate effect of this decision is that our farmers will have more money flowing into their bank accounts from late January when they are paid for the previous month, and that will help them with their cash flows,” said Fonterra chairman, Sir Henry van der Heyden.
The New Zealand-based processor and exporter is required to consider its farm gate milk price (FGMP) every quarter under the country's Dairy Industry Restructuring Act (DIRA).
“The immediate effect of this decision is that our farmers will have more money flowing into their bank accounts from late January when they are paid for the previous month, and that will help them with their cash flows,” said Fonterra chairman, Sir Henry van der Heyden.
“The immediate effect of this decision is that our farmers will have more money flowing into their bank accounts from late January when they are paid for the previous month, and that will help them with their cash flows,” said Fonterra chairman, Sir Henry van der Heyden.
