Fonterra expected to cut farmgate milk price tomorrow

Wed, 06 Dec 2017

By Tina Morrison Dec. 6 (BusinessDesk) - Fonterra Cooperative Group is expected to cut its forecast farmgate milk price for the current season as early as tomorrow in line with weaker global dairy prices. While the GlobalDairyTrade price index edged up 0.4 percent at last night's auction, snapping four consecutive declines, that wasn't enough to sway analysts from their belief that Fonterra will need to lower its forecast for the upcoming season when it reviews the milk price this month as part of its obligations under the Dairy Industry...

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