Not A2MFonterra has cut its farmgate milk price forecast for 2018/19 to $6.00 to 6.30 kg of milk solids from a previous range of $6.25 to $6.50/kg, and has confirmed that its Tip Top ice cream business is up for sale.
The co-op, which is part-way through a stock take of its operations and assets, said in market update that it planned to go to full ownership of its Darnum, Victoria, milk powder facility that it jointly owns with China's Beingmate.
Media Updates, page-850
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