FCG
11/11/2013 13:23
GENERAL
REL: 1323 HRS Fonterra Co-operative Group Limited
GENERAL: FCG: Fonterra Global Dairy Update Issue 15
Fonterra Co-operative Group Limited has issued a market update.
Topics discussed in this Issue:
- Fonterra's New Zealand milk solids volumes 4.7% higher for the Season to 31
October 2013
- GDT prices on 5 November 1.8% lower than the last event on 15 October, but
up 41% over the same period last year
- Business Update:
- Greater transparency around NZ Milk Products performance for the quarter -
including information on revenue, sales volume, production volume and a $157
million provision relating to inventory
- Strengthened position in Australia through acquisition of Tamar Valley
Dairy and a 6% share of Bega
- Increased investment at Clandeboye to support the fast expansion of our
foodservice business
End CA:00243613 For:FCG Type:GENERAL Time:2013-11-11 13:23:20
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