Fonterra: Strong milk price forecast 2018/19

Dairy processor Fonterra Co-operative Group Limited announced on May 23 an opening Farmgate Milk Price forecast of $?7.00 per kg milk solids (MS) for the 2018/19 season. Chairman John Wilson said the strong opening milk price would be very welcome news for the Co-operative’s farmers as they look ahead to the new season. “What we are seeing is a continued positive global supply and demand picture which gives us the confidence to increase our current Farmgate Milk Price forecast into the new