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Fonterra cuts milk price forecast, says global conditions challenging

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - Fonterra, New Zealand’s largest dairy exporter reduced milk price forecast to $4.15 and sees a cash payout of $4.50-$4.55 NZD per KGMS. The payout forecast was as high as $5.05-$5.15 in November.

    Key quotes

    On track to generate improved dividend returns

    Prices are unsustainably low globally

    Global conditions challenging

    Still an imbalance between supply and demand

    Dairy prices to improve later this calendar year
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