Fonterra now sees higher milk prices as the "new normal"
Link http://www.bloomberg.com/news/2011-02-14/rising-global-milk-prices-are-new-normal-fonterra-chief-ferrier-says.html?t=E-SVMCF-FULL&pos=1
"Whole-milk powder prices will likely remain at least 50 percent above their historical averages in the longer term, Chief Executive Officer Andrew Ferrier [Fonterra's CEO] said in an interview today from Auckland."
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