Fonterra is optimistic about milk prices later this year. They anticipate a recovery of milk prices “later this year,” according to agrimoney.com.
As one of the largest global exporters of milk, Fonterra is affected by the oversupply of milk around the globe. They recently started offering New Zealand dairy farmers financial help.
However, the futures markets don’t indicate a recovery in 2016. Contract prices are currently below $15 through March 2017.