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Fonterra Lowers FY23 Milk Price


Fonterra has lowered FY23 forecast farmgate milk prices to NZ$8.00-8.60/kg down from NZ$8.20-8.80/kg, link here.

  • The midpoint of the price range has been reduced by 20 cents.
  • Fonterra CEO noted that the change reflects demand from China has not returned to expected levels and that skim milk powder stocks are increasing as the Northern Hemisphere enter into their spring flush.

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