In the context of the input sentence, determine the relationship between 'Fonterra' and 'milk'.
Options: headquarters location, creator, product/material produced, manufacturer

"Pre-Yellen, the best performer overnight was the NZD, up 1.22 per cent in the wake of yesterday's announcement from Fonterra increasing its payout, a hint to more confidence in the outlook for milk prices," he said.
product/material produced