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BRIEF-Fonterra Co-Operative Group confirms forecast farmgate milk price
March 24, 2017 / 12:10 PM / 5 months ago

BRIEF-Fonterra Co-Operative Group confirms forecast farmgate milk price

March 24 (Reuters) - Fonterra Co-operative Group Ltd

* Global dairy update march 2017

* Fonterra confirmed its forecast farmgate milk price under the quarterly dira update at $6.00/kgms.

* Total new zealand milk production for January was down 1% compared to the same month last year

* Australia production in December decreased 4% compared to the same month last year

* Total New Zealand dairy exports in December decreased 4% compared to the same month the previous year

* Fonterra’s forecast New Zealand milk collection for the 2016/17 season has been revised to 1,515 million kgms Source text for Eikon: Further company coverage:

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