Fonterra changes its 2019/20 and 2020/21 projected Farmgate Milk Price ranges

  • Jul 17, 2020 NZST
  • Team Kalkine
Fonterra changes its 2019/20 and 2020/21 projected Farmgate Milk Price ranges

Fonterra Co-operative Group Limited (NZX:FCG) has revised its 2019/20 and 2020/21 projected Farmgate Milk Price ranges.

  • The 2019/20 estimated Farmgate Milk Price range has been reduced from $7.10 - $7.30/kgMS to $7.10 - $7.20/kgMS;
  • The 2020/21 estimated Farmgate Milk Price range has been reduced from $5.40 - $6.90/kgMS to $5.90 - $6.90/kgMS.

As per the Chairman of the company, John Monaghan, the narrowing of the 2019/20 milk price near the lower end of the prior range is due to the strengthening of NZ dollar versus the US dollar over the past 2 months.

 


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