Milk forecast falls

The Northland Age - - Local News -

Fon­terra has re­duced its farm gate milk price forecast from $6.30-6.60/kgMS in Fe­bru­ary to $6.30-6.40, cut its earn­ings guid­ance and an­nounced fur­ther as­set re­struc­tur­ing, in­clud­ing the clo­sure of a fac­tory in Aus­tralia. It has also be­gun a strate­gic re­view of its two wholly-owned farm hubs in China, and is con­sid­er­ing sell­ing its stake in the Dairy Part­ners Amer­i­cas (DPA) Brazil joint ven­ture with Nes­tle.

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.