Fonterra Lifts Milk Price to $9.50/kgMS for 2026/27
Fonterra has revised its Farmgate Milk Price forecast for the 2026/27 season, lifting the midpoint and narrowing the range on the back of improving global dairy commodity prices.
He wants unspecified “alternative measures” otherwise Parliament won’t pass regulatory changes needed for the new structure to become effective.
O’Connor’s stance is going against the wishes of Fonterra’s 10,000 farmer shareholders, who have helped the board draft the capital structure proposal so that it remains 100% farmer owned and controlled.
But O’Connor was singing a different tune when Westland Milk, located on his home patch, was sold to a Chinese buyer two years ago.
He was unhappy with the co-op being offloaded to an overseas buyer and even wished Fonterra had bought the Hokitika-based business.
