Huge New Zealand exporter Fonterra lowered the top end of its forecast farmgate milk price

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Huge New Zealand exporter Fonterra lowered the top end of its forecast farmgate milk price

<p>One for the kiwi $ traders. </p><p>NZ dairy exporter Fonterra has lowered the top end of its forecast farmgate milk price</p><ul><li> the dairy co-operative expects to pay farmer shareholders $8.50-to-$9.50 per kilogram of milk solids</li><li>down from its prior range of $8.50-to-$10.00/kgMS</li></ul><p>At the margin a negative for the NZD. Also, Fonterra citing a little less demand, which has wider implications for other markets. </p><p>NZD/USD update:</p>

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Huge New Zealand exporter Fonterra lowered the top end of its forecast farmgate milk price

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