Fonterra lowers forecasts on NZ milk supply

FXStreet (Bali) - Fonterra has released a note in early morning New Zealand time lowering its forecasts on NZ milk supply this year, now expecting it to be reduced by 3.3% for the 2014/15 seasons.

Fonterra also said that milk collection was 3% lower in January 2015 and 3% higher for the season to date. Fonterra also notes that "China imports were down 33% in December compared to a year earlier."