Fonterra cuts milk price forecast as demand from China slackens
Fonterra has reduced and narrowed its 2022/23 season forecast to $8.20 – $8.80 per kg of milksolids, with a midpoint of $8.50, due to softer demand out of China. The previous forecast was in a range of $8.50 – $9.50 per kgMS, with a midpoint of $9.00. The co-op has also cut its forecast milk […]
