Fonterra holds milk price forecast steady

Tue, 01 Sep 2020

Dairy giant Fonterra Cooperative Group held its 2020-21 forecast Farmgate Milk Price range steady at $5.90 - $6.90 per kgMS, citing good demand but heightened uncertainty.“The global market is finely balanced at the moment, with both demand and supply increasing but it has the potential to change,” said chairman John Monaghan.There is good demand at this stage of the season, however, the forecast economic slowdown is likely to increase global unemployment and reduce consumer demand. The potential for additional waves of covid-19 is...

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