It comes just weeks before farmers are due to vote on whether to sell off consumer brands like Mainland and Anchor to French dairy giant Lactalis .
Fonterra's been forecasting a payout of about 10 dollars 15 for the past season, following a period of stability in global prices.
It's been forecasting earnings of 65 to 75 cents per share.
The midpoint forecast for the current season has been slightly lower, at 10-dollars, given the risk of global volatility.
