date:Sep 26, 2013
armgate Milk Price reflected continuing strong international prices for dairy, particularly Whole Milk Powder driven by robust demand from Asia, especially China. Fonterra is still facing high volatility around the world.
The business also faced headwinds, especially in the first half of the current financial year when earnings were expected to be significantly lower than the strong performance in the first half of 2013.
The higher cost of goods will make it more difficult to drive earnings gr