Aug 6 (Reuters) - Fonterra:
* Fonterra - forecast total payout available to farmers in the 2015/16 season will be NZ$4.25-NZ$4.35
* Fonterra - "farmgate milk price forecast has been reduced from $5.25 kgms to $3.85 per kgms"
* Fonterra - co-operative has announced $4.25 - $4.35 forecast total available for payout for 2015/16
* Fonterra - has reduced its New Zealand milk volume forecast for 2015/16 season to 1,589 million kgms, 2 per cent lower than the previous season
* Fonterra - "now targeting a spend of $500million - $600million less for 2016 financial year compared to FY 2015"
* Fonterra - Fonterra Co Operative support of an additional 50 cents per shared-up kilogram of milksolids to support farmers this season
* Fonterra - forecast earnings per share range of 40 - 50 cents per share
* Fonterra -"reviewed capex for next 2 years; targeting a spend of NZ$500 million-NZ$600 million less for 2016 financial year compared to FY 2015.
* Fonterra -"positive impact of the lower farmgate milk price on consumer margins globally for New Zealand-sourced products"
* Fonterra - "will be a very difficult season for farmers if current prices continue"
* Fonterra - announced Fonterra Co Operative support of an additional 50 cents per shared-up kilogram of milksolids to support farmers this season
* Fonterra - all figures in nz$
* Source text for Eikon ID:nNZW6VFK4m