Fonterra cuts milk price forecast
Farmers warned to budget carefully as global supply exceeds demand.
Tim Hunter
Wed, 10 Oct 2018
Dairy giant Fonterra has lowered its milk price forecast for the 2018/19 season to between $6.25 and $6.50 a kg of milk solids.
The cut follows Fonterra’s announcement just one month ago of a $6.75 forecast.
Chief executive Miles Hurrell said the move was caused by an excess of supply over
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Tim Hunter
Wed, 10 Oct 2018
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