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VIEW: ANZ note that "global dairy.......>

NEW ZEALAND
NEW ZEALAND: VIEW: ANZ note that "global dairy commodity markets are being
severely impacted by changes in consumption patterns related to large number of
cafes and restaurants being shut down. We have revised down our milk price
forecast for the 2020-21 season to $5.75/kg MS, down from our previous forecast
of $6.45/kgMS. Our farmgate milk price forecast for the 2019-20 season is
unchanged at $7.15/kg MS."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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