date:Aug 30, 2012
The New Zealand-based co-operative, which the world's biggest exporter of dairy products, is required to consider its farm gate milk prices every quarter as a condition of the Dairy Industry Restructuring Act (DIRA).
According to Fonterra chairman, Sir Henry van der Heyden, the farm gate milk price forecast revision came as a result of the continuing strength of the New Zealand dollar.
Weve actually seen improving prices in recent GlobalDairyTrade (GDT) trading events, but the strength of th