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World's biggest dairy exporter forecasts record milk prices

The Straits Times LogoThe Straits Times1w ago

World's biggest dairy exporter forecasts record milk prices

Quick Summary

June 23, 2022 9:17 AMWELLINGTON (BLOOMBERG) - Fonterra Cooperative Group, the world's biggest dairy exporter, forecast a record milk price for the new season amid strong global demand.

"Interest rates and inflation have lifted well above our assumptions, as have commodity prices in response to the continued strong demand for dairy," Mr Hurrell said.

But higher prices also increase Fonterra's input costs, putting pressure on its margins.


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Article Details

Category: Economy

Topics: Earnings Fonterra Financial Forecast Strong Cents Milk Prices Season Price Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 09:17:48

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 3 minutes read

Article Length: 445 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 4907

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About The Straits Times

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Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 7 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 10h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Publisher ID: #25

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