Fonterra revises its forecast farm gate milk price down again
Posted on: 07/12/18
Fonterra has revised its farm gate milk price forecast down again from $6.25 to $6.50 reduced to between $6.00 to $6.30 per kg of milk solids. Based on today’s exchange rate this gives a UK standard liquid litre price of 24.4ppl to 25.62ppl. Note, if the exchange rate used in October had been used the range would have been 22.51ppl to 23.63ppl.