Milk cockpit, 08.11.2019

(AMI) - At the end of October, Fonterra increased its milk price forecast from September for the 2019/20 milk year from an average of 6.75 NZD / kg milk ingredients to 6.55-7.55 NZD / kg. The demand for whole milk powder, the most important export product of New Zealand, continues to be high and for the entire season it is expected that the level of the corresponding period of the previous...

Expert Opinion: 

The New Zealand Dairy Cooperative Fonterra has raised its milk price forecast for the current season. In the course of an extensive global demand for whole milk powder with simultaneously decreasing production, the company expects higher revenue opportunities.