Fonterra announcement preview – ASB Bank

New Zealand’s ASB Bank, a bank owned by Commonwealth Bank, out with its preview on what to expect from the upcoming Fonterra announcement due on Wednesday.

Key Points:

We expect Fonterra to open the 2017/18 season next week with a milk price forecast of $6.00/kg or above

 By season-end, however, we expect the milk price to lift to $6.75/kg

 We also expect Fonterra to lift its 2016/17 forecast to $6.20/kg from $6.00/kg