Fonterra affirms milk price forecast, expects range to narrow

Tue, 03 Sep 2019

By Rebecca Howard Sept. 4 (BusinessDesk) - Fonterra Cooperative Group maintained its milk forecast payout at $6.25-7.25 per kilogram of milk solids for the current season but expects that range to narrow as it gains certainty on production and sales. "The global dairy market remains largely in balance, but is not without some risk. We are keeping a close eye on international trade tensions and geopolitical risks. The weakening Chinese currency means less consumer purchasing power for USD-priced dairy products like ours. There is also cont...

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