27 Jan 2016
Fonterra cuts milk price forecast, says global conditions challenging
FXStreet (Mumbai) - Fonterra, New Zealand’s largest dairy exporter reduced milk price forecast to $4.15 and sees a cash payout of $4.50-$4.55 NZD per KGMS. The payout forecast was as high as $5.05-$5.15 in November.
Key quotes
On track to generate improved dividend returns
Prices are unsustainably low globally
Global conditions challenging
Still an imbalance between supply and demand
Dairy prices to improve later this calendar year
Key quotes
On track to generate improved dividend returns
Prices are unsustainably low globally
Global conditions challenging
Still an imbalance between supply and demand
Dairy prices to improve later this calendar year