Fonterra Provides updates to 2020/21 Milk Price Forecasts:

Ross J Burland FXStreet

Fonterra Provides updates To 2020/21 Milk Price Forecasts have been released as follows:

Fonterra Lowers 12 Month Skim Milk Powder Auction Volume By 10000 Tons.
Fonterra Raises 2020-21 Milk Price Forecast Midpoint To NZ$6.40.
Fonterra Raises 2020-21 Milk Price Forecast To NZ$5.90 To NZ$6.90/KG.
Fonterra Cuts 2019-20 Milk Price Forecast Midpoint To NZ$7.15.
Cites An Improvement In Market Conditions In China.

The company is responsible for approximately 30% of the world's dairy exports and with revenue exceeding NZ$17.2 billion, is New Zealand's largest company

Meanwhile, the NZD underperformed as risk sentiment took a hit following disappointing US labour market data and carrying on from the Asia session.

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Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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