Ann: MONTHLY: FCG: Global Dairy Update Issue 24

• Release Date: 09/09/14 15:02
• Summary: MONTHLY: FCG: Global Dairy Update Issue 24
• Price Sensitive: No
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					FCG
09/09/2014 15:02
MONTHLY

REL: 1502 HRS Fonterra Co-operative Group Limited

MONTHLY: FCG: Global Dairy Update Issue 24

Fonterra Co-operative Group Limited has issued a market update.

IN THIS EDITION

Fonterra milk collection:
- New Zealand 5% higher in August 2014 and 5% higher for the season to date
- Australia 9% higher in August 2014 and 10% higher for the season to date

Business update:
- Minimum shareholding requirements for farmer shareholders
- Financial Year 2014 results announcement and reaffirming $500-600 million
EBIT range but at the lower end
- New Zealand milk supply forecast to grow 2% in the 2014/15 season
- Strengthening our infant formula presence in China with Beingmate

Global dairy market overview:
- Continued strength in global milk production and dairy exports

Dairy commodity prices on 5 August 2014:
- Fonterra volume sold on GDT of 55,267 MT
- GDT price index 6% lower than the previous event
End CA:00255053 For:FCG    Type:MONTHLY    Time:2014-09-09 15:02:07