Fonterra Australia raises farmgate milk prices for 2017-18 by 20 cents
|Fonterra’s Australian operation has lifted its milk price by 20 cents due to improved market conditions.
Key Details via The Weekly Times
Fonterra Australia has lifted its average milk price for the 2017/18 dairy to $5.50 ($NZ5.85) per kilogram of milk solids.
The company has also updated its forecast closing milk price range to $5.50 to $5.80, from $5.40 to $5.80 previously.
Fonterra Australia will still pay farmers an extra 40 cents per kilogram of milk solids that was announced in May.
Also read: Fonterra raises its farmgate milk price forecast
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.