Good news for farmers from Fonterra this morning
Good news for farmers from Fonterra this morning
22 October 2019
The co-op has announced an increased forecast farmgate milk price range to between 6 dollars 55 and 7 dollars 55 per kilogram of milk solids.
Fonterra CEO Miles Hurrell says the range remains wide, because of global trade tensions and political instability in some key sales regions.
He estimates the cost revision will add another 450 million dollars into regional New Zealand.
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