Fonterra has copped a fair bit of stick from the Hound over the years. However, on this occasionyour old mate…
While dairy faces another tough year, Rabobank foresees a generally strong year ahead for most other agricultural sectors.
Another fortnight passes and we have another lacklustre Global Dairy Trade result and Fonterra confirming it has revised its milk price for the current season (2015-16).
Analysts are now picking a dairy price recovery by the end of the year. Haven't they said that for the last three years?
The drop in the forecast farmgate milk price from Fonterra will reduce overall dairy revenues by a further $800 million, says DairyNZ.
Banks have cut their farmgate milk price forecast after another drop in the GDT price index last week, albeit minor at an overall 1.4%.