It's changed its forecast range to 8-dollars-50 to 10-dollars per kilogram of milk solids -- down from 8-dollars-75 to 10-dollars-25.
The midpoint has reduced from 9-dollars-50 to 9-dollars-25.
However, the current advance payment rate of 5-dollars-70 remains unchanged.
The dairy co-op says global demand for dairy is softening over the short tern, and inflation is affecting purchasing behaviour.
