Fonterra's likelihood of reaching forecast milk payout lifts after WMP gains, AgriHQ says

Wed, 03 Jan 2018

By Tina Morrison Jan. 4 (BusinessDesk) - Fonterra Cooperative Group's chances of reaching its forecast farmgate milk price for this season have lifted after whole milk powder prices improved at the latest Global Dairy Trade auction this week, AgriHQ said. The price of whole milk powder rose 4.2 percent to US$2,886 a tonne at the latest GDT after Fonterra said it expects its New Zealand milk collection for the current 2017/18 season to be 3 percent below last season as dry weather stunts grass growth and lowers milk production. Fonterra a...

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