NZD traders - Fonterra says Q1 revenue down 18% y/y

Some Fonterra headlines crossing the wires:

• Says strong start for FY16
• Q1 revenue falls 18% y/y
• Reiterates expects 5% drop in NZ milk production

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Yes ... "Says strong start for FY16" and "Q1 revenue falls 18% y/y" ... not typos