Fonterra cut its 2014/15 milk payout forecast to NZ$4.40/kg

FXStreet (Bali) - Fonterra has cut its 2014/15 milk payout forecast to NZ$4.40/kg, with its forecasts 2015/16 milk payout of NZ$5.25/kg.

Additional headlines

Says market oversupplied with dairy commodities

Says global prices hadn't increased as expected

Expects prices to recover