Lol I'll be happy for any holders if my sell causes a double or triple or even better!
I came out exactly even on this one.
Printable View
First glimpse at the new China Label due to be released in December.
A pretty mixed stock at the moment, the positive is theres more tourist coming to build up some milk powder, and the negative is China has a slowing economy and a declining birth rate, so naturally less demand.
Fonterra just announced that milk prices will be taking another hit dropping from $8 to $7 due to lower demand from China, expect a hit to ATM revenues.
"Fonterra Co-operative Group Ltd today reduced its 2023/24 season forecast Farmgate Milk Price range from $7.25 - $8.75 per kgMS, with a midpoint of $8.00 per kgMS, to $6.25 - $7.75 per kgMS, with a midpoint of $7.00 per kgMS.
Fonterra CEO Miles Hurrell says the revised forecast Farmgate Milk Price range reflects ongoing reduced import demand for whole milk powder from Greater China."
morgans say a2 sales growth for 2nd half will be very low
Normally low milk prices are good for their margins, aren't they??