Aug 18 (Reuters) - Fonterra Co-Operative Group Ltd FCG.NZ :
* Fonterra confirms further dividend payment
* Confirmed it will pay a further 10 cents per share of its previously announced 2015/16 forecast dividend of 40 cents per share
* Seeing early signs of the expected recovery in dairy prices but "we know conditions on farm are challenging"
* Confidence in the long-term fundamentals of dairy
* There is no change to forecast earnings range or forecast total dividend of 40 cents per share for 2016 financial year"
* Says Fonterra shareholders' fund unit holders will receive a distribution payment of 10 cents per unit
* Source text for Eikon ID:nNZS7mla