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Fonterra cuts milk price forecast ahead of RBNZ

Discussion in 'Market News' started by ForexLive, Jan 27, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Fonterra cuts milk forecast - Sees a cash payout of $4.50-$4.55 NZD per KGMS - Prices are unsustainably low globally - Sees dairy prices improving later this calendar year This is negative for the kiwi but the market is hesitant to move because the RBNZ is due at the top of the hour.

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