FSF fonterra shareholders' fund

News: FSF NZ's Fonterra raises 2019/20 forecast farmgate milk price

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    Dec 5 (Reuters) - Dairy behemoth Fonterra Co-Operative Group Ltd (FCG) on Thursday raised its forecast milk payment to farmers for the 2019-2020 season due to recovering global dairy prices.

    The company upgraded its forecast farmgate milk price range to between NZ$7.00 and NZ$7.60 per kilogram of milk solids (kgMS) from a earlier outlook of between NZ$6.55 and NZ$7.55 kgMS.

    “The higher price reflects a global dairy market that is tipped slightly in favour of demand," Fonterra Chairman John Monaghan said.

 
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