New Zealand dairy producers will receive $5.6 billion New Zealand dollars ($4.5 billion U.S.) for milk solids sold during their 2006-07 season. Fonterra Cooperative Group Ltd., has informed its 11,600 farmer shareholders that the payout for this year’s production has been revised up to NZ$4.6 per kilogram of milk solids ($3.61 per 2.2 pounds of milk solids). That’s an increase of 3.4 percent from what the cooperative had originally forecast for the season.

In May, payments for the 2007-08 season were estimated to climb to NZ$5.53 per kilogram and will probably be revised up given the world demand and high international prices for dairy commodities. To learn more, you can read an article from Forbes at:

Or, one from Bloomberg at:

Forbes, Bloomberg