Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

BRIEF-Fonterra revises 2015/16 forecast milk price

Published 08/03/2016, 06:42 am
Updated 08/03/2016, 06:50 am
BRIEF-Fonterra revises 2015/16 forecast milk price

March 8 (Reuters) - Fonterra:

* Fonterra revises 2015/16 forecast milk price

* Reduced its forecast farmgate milk price for the 2015/16 season from $4.15 per kgms to $3.90 per kgms

* Fonterra is forecasting its New Zealand milk production to be at least 4 per cent lower than last season

* Difficult conditions in the globally traded dairy market have put further pressure on the forecast

* A total forecast available for payout of $4.35-$4.45 per kgms

* Forecast cash payout of $4.25-$4.30 per kgms for a fully shared-up farmer after retentions

* Long-term fundamentals for dairy are positive with demand increasing at over 2 per cent a year

* Reduction in the supply available for export before then could mean prices recover earlier than currently expected

* All figures in NZ$

Source text for Eikon ID:nNZW70nH4

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.