Fonterra rejects criticism of milk price guidance, while forecasting cautious $5.25/kgMS for new season

Thu, 28 May 2015

By Fiona Rotherham May 28 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, has rejected criticism of its performance in communicating milk price forecasts, saying it is being as transparent as possible. The cooperative today announced a cautious opening farmgate milk price forecast for the new 2015/2016 season of $5.25 per kilogram of milk solids, at the upper end of commentators' expectations, while knocking a further 10 cents/kgMS off this season’s figure to $4.40/kgMS, the lowest level in eight years....

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