New Zealand’s Fonterra maintained its milk price forecasts for 2017-2018

New Zealand’s dairy giant, Fonterra, announced earlier today that it maintained its milk price forecasts for 2017-2018.

Key Detail (via Reuters):

Farm gate prices unchanged at NZD 6.75 / kg ms

Forecast for EPS at NZD 45 to 55 cents

For total farmer payout of NZD 7.20 to 7.30

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Moody's: Credit profiles of Korean corporates to remain broadly stable, despite rising geopolitical tension

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