07 Dec 2020 --- Fonterra Co-operative Group has narrowed its 2020/21 forecast Farmgate Milk Price range, reported a solid start to the 2021 financial year and reconfirmed its forecast earnings guidance. As a result of strong demand for New Zealand dairy, the Co-op has narrowed and lifted the bottom end of the forecast Farmgate Milk Price range from NZD $6.30 - $7.30 per kgMS (US$4.41 - US$5.12) to NZD $6.70 - $7.30 per kgMS (US$4.70 - US$5.12).