Tuesday, 11 June 2024 12:55

Record organic milk payout

Written by  Sudesh Kissun
Fonterra says its record opening forecast milk price for organic milk reflects a strong sales book and an encouraging supply and demand picture. Fonterra says its record opening forecast milk price for organic milk reflects a strong sales book and an encouraging supply and demand picture.

Fonterra has announced a record opening forecast milk price for organic milk this season.

The co-operative says this reflects a strong sales book and an encouraging supply and demand picture.

For the new season, which started June 1, the co-op announced a range of $9.25 - $10.75/kgMS, with a midpoint of $10/kgMS.

The co-op paid a record final organic price of $10.80/kgMS for 2022-23 season.

The co-op is looking for new organic milk suppliers. A team will be at the Fonterra tent at Fieldays this week to chat with farmers and answer questions.

Farm Source milk supply director Lisa Payne told Dairy News that the co-op's organics programme has been running since 2002 and it currently includes more than 100 farms.

"Demand for organic products continues to grow and to keep up with this we are looking to further expand the programme.

"We've been encouraging farmers to get in touch with us if they want more information about the process and support available to convert their farm to organic."

Fonterra also announced its advance rate for organic milk supply this season. For the first seven months, farmers will get an advance rate of $7.50/kgMS.

It lifts by 15c for milk supplied in January next year.

Meanwhile Fonterra's Organic Farmer Conference was held in Taranaki last week. The co-op says the conference was a great opportunity for farmers to learn mor about the market and the key factors driving the milk price, as well as connect with fellow farmers and the Farm Source team.

More like this

Fonterra vote

OPINION: Voting is underway for Fonterra’s divestment proposal, with shareholders deciding whether or not sell its consumer brands business.

Winston Peters questions Fonterra divestment plan

Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.

Featured

Bold taste wins gold medal

Alliance Group's Pure South Handpicked 55 Day Aged Beef has been recognised on the world stage, securing top honours at the World Steak Challenge in the Netherlands.

National

Machinery & Products

» Latest Print Issues Online

Milking It

Fonterra vote

OPINION: Voting is underway for Fonterra’s divestment proposal, with shareholders deciding whether or not sell its consumer brands business.

Follow the police beat

OPINION: Politicians and Wellington bureaucrats should take a leaf out of the book of Canterbury District Police Commander Superintendent Tony Hill.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter