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.

More Pictures


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:

Language: English

Reading Time: 3 minutes read

Article Length: 445 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 4907

View Article Analysis

About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website:

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

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.