But he warned that could slide to $ 5.60 - $ 5.90 a kilogram if global prices for
key dairy commodities did not improve as expected.
But the New Zealand dairy giant's chief executive Theo Spierings, said this was too high and did not reflect a collapse of global prices for
key dairy commodities.
Not exact matches
Pricing increased 0.3 percentage points despite deflation in
key commodities in the United States and Canada (3), primarily
dairy and coffee.
Pricing increased 0.1 percentage points despite deflation in
key commodities, primarily
dairy and coffee.
In its quarterly report on the
dairy market, Rabobank said
key commodities in USD prices fell 10 to 15 per cent in the first two months of the year before stabilising in the first half of March.
Fonterra has claimed that ingredients prices are recovering and market confidence is returning as a group of US senators accuse the New Zealand - based co-op of holding a virtual monopoly of
key internationally traded
dairy commodities.