Fonterra announce its forecast for milk prices in NZ on Wednesday (some time from 8.30am NZ time onwards ... i.e. 2030GMT)

Expectations from ASB:

  • 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

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Further out in New Zealand, the government budget will be announced at 2pm local time on Thursday (0200GMT)