Fonterra comments on the wires:
- “Reduced its milk volume forecast for the 2014-15 season to 1,532 million kgms, reflecting the impact of dry weather on production in recent weeks”
- The new forecast of milk volume is 3.3 per cent lower than the 1,584 million kgms collected last season
- Has confirmed that can meet all current sales commitments
- “In light of reduced milk volume forecast,is planning to reduce the quantity of product offered on globaldairytrade auction platform, and via direct sales channels”
- “In the first half of the season, excellent pasture conditions resulted in milk volumes being higher than the previous season”
Headlines via Reuters
NZD off a few points
