Fonterra Provides updates To 2020/21 Milk Price Forecasts:

Fonterra Provides updates To 2020/21 Milk Price Forecasts have been released as follows:

• Fonterra Lowers 12 Month Skim Milk Powder Auction Volume By 10000 Tons.
• Fonterra Raises 2020-21 Milk Price Forecast Midpoint To NZ$6.40.
• Fonterra Raises 2020-21 Milk Price Forecast To NZ$5.90 To NZ$6.90/KG.
• Fonterra Cuts 2019-20 Milk Price Forecast Midpoint To NZ$7.15.
• Cites An Improvement In Market Conditions In China.

More to come…