don't shoot the messenger isn't better to know
Fonterra Chairman, John Monaghan, said the change was in response to stronger milk supply signals coming from some of the world’s key dairy producing regions.
“Over the past quarter, we have seen increased milk supply out of markets including Europe, the US and Argentina. These regions have a big influence on the supply and demand balance and therefore global prices. For example, the one per cent increase in US milk production represents just under 100 million litres of extra milk
& demand slowing down in Asia Africa & Middle East
I'll leave it there
GLTA
don't shoot the messenger isn't better to know Fonterra...
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