RESEND: Landcorp says 2015 earnings 'on track' despite weaker dairy prices

Fri, 19 Jun 2015

(Removes garble in first paragraph) By Tina Morrison June 19 (BusinessDesk) - Landcorp Farming, New Zealand's largest corporate farmer, said it doesn't need to downgrade earnings guidance in the wake of falling dairy prices, after sheltering from volatility by locking in a guaranteed price at the start of the season. Dairy product prices slipped in this week's GlobalDairyTrade auction to the weakest level in almost six years. State-owned Landcorp in October cut its forecast for this year's operating profit to a range of $1 million to $...

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