Tuesday, 16 March 2021 10:56

Organic milk joy

Written by  Milking It

OPINION: Fonterra farmers will be hoping (and praying) for their second ever $8-plus milk price this season, but for the co-op's 70 organic milk suppliers, another $10-plus payout is almost a certainty.

 

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.

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