Fonterra Share Fund
(ASX:FSF) has announced a forecast earnings per share range for the 2017 financial year of 50 to 60 cents.
The company has indicated the Farmgate Milk Price will remain at $4.25 kgMS, potentially leading to another financially challenging season for farmers.
The Farmgate Milk Price reflects the continuing global uncertainty and the impact of the high New Zealand dollar exchange rate on dairy exports.
Chairman John Wilson has also pointed to the recent weakening of the Euro as providing a price advantage for European export dairy products.
Fonterra Share Fund reported a net profit of $16.3 million at 31 July 2015.
