Comments from Chairman of Fonterra John Wilson hitting the wires
- Global prices unsustainably low
(I'm gonna copy that and paste it in for all future comments from people on oil, iron ore, nickel, copper .... etc., etc. :-D )
- Expects milk production to fall 5 -6% this season
(Lucky the Saudis ain't in the dairy market, eh?)
- Says growth in European milk production will slow
- China unlikely to suddenly lift import requirements