Fonterra optimistic on dairy prices

FXStreet (Bali) - NZ Fonterra Group Ltd. remains optimistic on the prospects of dairy prices going forward, according to its chief financial officer Lukas Paravici, cited by the WSJ.

“We are very bullish. Clearly, the fundamentals are very positive in terms of long-term protein needs and supply, and not just for China but also India, Africa, South East Asia.”

“I think we have seen a turnaround, but the question is when it will trend upwards" Paravici added. In the short term though Mr. Paravicini admits that farmers would still face tough conditions.