Ann: MONTHLY: FSF: Global Dairy Update Issue 27

• Release Date: 12/12/14 13:54
• Summary: MONTHLY: FSF: Global Dairy Update Issue 27
• Price Sensitive: No
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					FSF
12/12/2014 13:54
MONTHLY
PRICE SENSITIVE
REL: 1354 HRS Fonterra Shareholders' Fund (NS)

MONTHLY: FSF: Global Dairy Update Issue 27

Fonterra Co-operative Group Limited has issued a market update.

IN THIS EDITION
Fonterra milk collection
- New Zealand 3% higher in November 2014 and 4% higher for the season to date

- Australia 3% higher in November 2014 and 8% higher for the season to date

Business update
- New Zealand milk supply forecast of 1,584 million kgMS in the 2014/15
season
- Forecast Farmgate Milk Price for 2014/15 season
- Minimum shareholding requirements for farmer shareholders

Global dairy market overview
- Continued strength in global milk production but decreasing exports and
imports

Dairy commodity prices on 2 December 2014
- Fonterra volume sold on GDT of 37,998 MT
- GDT Price Index 1.1% lower than the previous event
End CA:00258855 For:FSF    Type:MONTHLY    Time:2014-12-12 13:54:19