Thursday, 20 March 2025 08:52

Fonterra sticking to $10/kgMS milk price

Written by  Sudesh Kissun
Fonterra will stick with its $10/kgMS milk price for farmer shareholders. Fonterra will stick with its $10/kgMS milk price for farmer shareholders.

Fonterra has reaffirmed a forecast milk price mid-point of $10/kgMS for its farmer shareholders, with just over two months of the 2024-25 season left to run.

The co-op has narrowed the forecast farmgate milk price range - from $9.50-$10.50/kgMS to $9.70-$10.30/kgMS.

Fonterra chief executive Miles Hurrell says they are seeing good demand for the co-op’s quality products.

“And our teams have worked hard to optimise our product portfolio to capture value from the market conditions, leaving us well contracted for the season.

“We have also optimised the current season’s Advance Rate Schedule to get cash to farmers sooner, underpinned by our balance sheet strength.”

In terms of milk flows, Fonterra’s forecast milk collections for the year are up 2.7% on this time last year to 1,510 million kgMS.

“This follows favourable pasture growth across most of New Zealand earlier in the season, noting many parts of the country are currently experiencing very dry conditions,” says Hurrell.

More like this

El Niño Summer: Terravest on Preparing Dairy Sheds Now

After a winter of frozen pipework and refrigeration call-outs, Terravest chief executive Kip Bodle and chief operating officer Luke Walker explain why this El Niño summer calls for a different kind of preparation, before the first heatwave finds the weak points for you.

Why 'Fork to Farm' Beats Farm to Fork, Expert Says

In the past, much has been made of the concept of farm to fork, but an Australian expert in food science and marketing with experience in the dairy industry, Dr Angeline Achariya, says the reverse of this slogan is critical to win modern day consumers.

Featured

Editorial: Drones Are Not Toys

OPINION: David Seymour and James Meager's plan to make it easier for farmers and orchardists to operate drones can best be described a 'courageous' move.

Opuha Dam Commissions New Valve in Major Flood Safety Upgrade

Opuha Dam's ability to protect South Canterbury communities from major flooding has taken a significant step forward, with Opuha Water Limited (OWL) successfully commissioning a new outlet valve capable of releasing record volumes of water from the dam ahead of a weather event.

Freshwater Farm Plan Changes Welcomed by Primary Sector

There's been widespread support from the primary sector for the Government's announcement on changes to freshwater farm plans that come under the Natural Environment Bill, which is now set to replace the existing RMA.

National

Machinery & Products

» Latest Print Issues Online

Milking It

Domestic Focus

OPINION: After hogging the media limelight for telling a NZ Chinese MP to "go back home", Winston Peters has decided…

A No-Brainer

OPINION: With fuel prices soaring, one would have expected most farmers to be reclaiming excise duty on petrol.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter