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News: FSF Fonterra Maintains 2020/21 Forecast Range For Farmgate Milk Price

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    01/09/20
    18:05
    Post #: 46998149

    Sept 1 (Reuters) - Fonterra Co-Operative Group Ltd (FCG) :

    • MAINTAINED 2020/21 FORECAST RANGE OF $5.90 - $6.90 PER KGMS FOR FARMGATE MILK PRICE
    • THERE IS GOOD DEMAND IN MARKET AT THIS STAGE OF SEASON
    • POTENTIAL FOR ADDITIONAL WAVES OF COVID-19 ALSO IMPACTING CONFIDENCE OF SOME OF OUR FOODSERVICE CUSTOMERS
    • ON SUPPLY SIDE, GLOBAL MILK PRODUCTION BOUNCED BACK STRONGER THAN EXPECTED
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