Archive: Fonterra reduces milk price forecast for 2014/15

Published 10 December 14

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Fonterra has announced today that it will cut its forecast 2014/15 farmgate milk price from $5.30/kgMS (kilos of milk solids) to $4.70/kgMS, which is equivalent to around 17ppl (based on 1kgMS equating to around 13.5 litres and using current exchange rates). The price cut follows reductions in forecasted milk prices from other New Zealand processors and falls in prices at the Global Dairy Trade auction.