Dec 6 (Reuters) - Fonterra Co-operative Group Limited (FCG) said it had further lowered its 2018-2019 guidance for its Farmgate Milk price as global demand countinues to outweigh supply.
The world's largest dairy exporter said it would pay its dairy farmers NZ$6.00 to NZ$6.30, down from the prior NZ$6.25 to NZ$6.50 per kgMS (kg of milk solids) range set in October.
News: FCG NZ's Fonterra further lowers Farmgate Milk price forecast
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