(Corrects paragraph 1 to say supply outweighs demand, not demand outweighs supply)
Dec 6 (Reuters) - Fonterra Co-operative Group Limited FCG.NZ said it had further lowered its 2018-2019 guidance for its Farmgate Milk price as global supply continued to outweigh demand.
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.