Fonterra cuts milk price forecast
Move follows sharp fall in GlobalDairyTrade commodity prices.
NBR staff
Mon, 09 May 2022
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Dairy giant Fonterra has cut its forecast milk price for the current season, citing lockdowns in China, the war in Ukraine, and economic crisis in Sri Lanka driving a drop in demand.
In a statement issued this morning, the co-op said its forecast price range would fall to $9.10-$9.50 a kg of
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NBR staff
Mon, 09 May 2022
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
