FCG
23/08/2013 10:34
GENERAL
REL: 1034 HRS Fonterra Co-operative Group Limited
GENERAL: FCG: FONTERRA ACHIEVES RECORD GDT SALES IN AUGUST
Fonterra today confirmed that it has achieved record sales and revenues from
its two August GlobalDairyTrade (GDT) auctions.
Fonterra achieved its highest-ever monthly revenue through GDT in August,
selling 109,664 metric tonnes, worth NZD685 million.
Fonterra Chief Executive, Theo Spierings, said, "The past two GDT events show
continued confidence in our products and strong demand from many of our key
markets.
"Our August GDT sales volume was up 27% on the same time last year, and the
revenue more than doubled, up 107%."
Commenting on Fonterra's current forecast for a 15% decline in its product
volumes on GlobalDairyTrade over the next 12 months, Mr Spierings said that
this reflects Fonterra's strategy of moving from being commodities-driven to
a more value-added, higher-margin products business.
End CA:00240115 For:FCG Type:GENERAL Time:2013-08-23 10:34:33
Price at posting:
$6.90 Sentiment: None Disclosure: Held
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