Fonterra slashes forecast milk price, again
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
The co-operative this month informed its organic milk suppliers that their new payout range is $8.70 to $9.30/kgMS.
With just under three months of season yet to run, those organic farmers could be the biggest winners again, given the bullish run of Global Dairy Trade prices.
Last year they became the only group of Fonterra farmers to ever pass the $10 milk price threshold. The 2019-20 organic milk price topped $10.19/kgMS.
