Dairy product is New Zealand #1 export.Fonterra have revised their 2021/22 forecast Farmgate Milk Price range to $9.10 – $9.50 per kgMS from $9.30 – $9.90 per kgMSCiting:a number of recent events which have resulted in short-term impacts on global demand for dairyin particular, the lockdowns in China due to COVID-19, the economic crisis in Sri Lanka and the Russia-Ukraine conflictThis reduces the midpoint of the range, which farmers are paid off, from $9.60 per kgMS to $9.30 per kgMS.—At the margin a negative input for the kiwi $
NZD traders – Fonterra revise thier 2021/22 forecast Farmgate Milk Price range lower
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