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Weak dairy prices prompt pull back in expectations for payout to dairy farmers this season
2015-07-02 09:38:16| Food - Topix.net
Weak dairy prices have prompted analysts to pull back their expectations for Fonterra Cooperative Group's payout to farmers this season, with most forecasts now sitting below the dairy exporter's projection. Average prices dropped 5.9 percent to a six-year low in the GlobalDairyTrade auction overnight, paced by a 10.8 percent decline in whole milk powder, the nation's key export commodity.
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Category:Food and Related Products
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