FXStreet (Bali) – Fonterra has cut its 2014/15 milk payout forecast to NZ$4.40/kg, with its forecasts 2015/16 milk payout of NZ$5.25/kg.
Additional headlines
Says market oversupplied with dairy commodities
Says global prices hadn’t increased as expected
Expects prices to recover
(Market News Provided by FXstreet)