FCG
13/12/2013 13:19
GENERAL
REL: 1319 HRS Fonterra Co-operative Group Limited
GENERAL: FCG: Fonterra Global Dairy Update Issue 16
Fonterra Co-operative Group Limited has issued a market update.
IN THIS ISSUE
o New Zealand milk volumes 3.8% higher for the Season to 30 November 2013
o Total global dairy imports up 2% for the 12 months to August 2013
o GDT prices on 3 December 3.9% higher than the last event on 19 November
and up 52% over the same period last year
o Business Update
- Forecast Farmgate Milk Price maintained at $8.30 for the 2013/14 Season
- Update on earnings guidance
- China delivering on V3 strategy through Anchor UHT and Anmum infant
formula
- New Zealand milk supply forecast to grow 6.4% in the 2013/14 Season
compared to last Season
- Further disclosure on Share Standard compliance and forecast Share
requirements
End CA:00245161 For:FCG Type:GENERAL Time:2013-12-13 13:19:05
Price at posting:
$5.67 Sentiment: None Disclosure: Held
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