Strong Interim Results See Fonterra Boost Farmgate Milk Price to $9.70/kgMS
Fonterra says its interim results show continued momentum in its performance, with revenue of $13.9 billion in the first half of the 2026 financial year.
-
font size
decrease font size
increase font size
Global dairy prices have tumbled in the latest Global Dairy Trade (GDT) event.
The GDT price index dropped by 3.8% compared to the previous event; most products suffered a drop in prices.
It is also the third consecutive drop for the GDT price index.
Whole milk powder prices dropped 4.3% to US$3006/metric tonne.
Butter dropped 5.7%, skim milk powder 3.5% and AMF 3.3% down 3.8%
More like this
Global Dairy Trade Recovery Puts $9.50 Milk Price Within Reach
A solid recovery of global dairy prices this year makes a $9.50/kgMS milk price almost a shoo-in for this season.
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.
Glut in global milk supply keeping prices down
The final Global Dairy Trade (GDT) auction has delivered bad news for dairy farmers.
Open Country opens butter plant
When American retail giant Cosco came to audit Open Country Dairy’s new butter plant at the Waharoa site and give the green light to supply their American stores, they allowed themselves a week for the exercise.
Popular Reads
Heinz Wattie’s Plant Closures Set to Hit Canterbury Vegetable Growers Hard
The proposed retrenchment of Heinz Wattied's manufacturing presenced in New Zealand will be a blow to the wallets of more…
State of Emergency Declared in Far North and Whangārei as Severe Weather Worsens
A precautionary State of Emergency was declared for the Far North District at 1.18pm today (Thursday 26 March), for an…Castle Ridge Station Wins Canterbury Supreme Environmental Award
Castle Ridge Station has been named the Regional Supreme Winner at the Canterbury Ballance Farm Environment Awards.Fonterra Signals Major Farmer Payout After Mainland Sale
Fonterra farmers will be smiling all the way to the bank next month.Halter Raises NZ$377M to Expand Virtual Fencing Globally
Halter has unveiled plans for a large-scale expansion of its virtual fencing and animal management system, following a major fundraising…Featured
Luxon Reveals Updated Ministerial Lineup
Prime Minister Christopher Luxon has announced changes to the ministerial lineup, including a new Minister for the Environment and a new Associate Agriculture Minister.
Safer Farms Launches Phase Two of Safer Rides Programme
Farmers are being offered help to protect themselves and their people while using quad bikes and side-by-side vehicles on farm.
Two Major NZ Dairy Deals Completed
Two major acquisitions in the New Zealand dairy sector were completed this week.
Precision Farming Expands to Australia with NuPoint Acquisition
Precision Farming says that its expansion into Australia signals rapidly accelerated connectivity for farmers and growers on both sides of the Tasman when it comes to efficient vehicle management.
Meyer Cheese Dominates 2026 NZ Cheese Awards
Winning four of the big categories at the 2026 New Zealand Cheese Awards feels special, says Meyer Cheese general manager Miel Meyer.
NZ Cheesemakers Urged to Compete but Stay Visible
Local cheesemakers are being urged to embrace competition from imports but also ensure their products are never invisible in the country.
National
State of Emergency Declared in Far North and Whangārei as Severe Weather Worsens
A precautionary State of Emergency was declared for the Far North District at 1.18pm today (Thursday 26 March), for an…
NZ “tongue-soft” red meat innovation wins 2026 MIA Dragon’s Den
A New Zealand red meat product range with “tongue-soft” texture for elderly or unwell people has won the 2026 Meat…New Zealand’s Country Calendar Turns 60: Fans and Crew Celebrate
New Zealanders are spontaneously joining in the 60th birthday celebrations of the nation’s iconic rural programme, Country Calendar.Hurrell Resignation: No Bonus or Golden Handshake for Fonterra CEO
Fonterra is rejecting New Zealand First's claim that outgoing chief executive Miles Hurrell is in line for a 'golden handshake'.Wool Source Converts Strong Wool into Sustainable Screen Printing Pigments
Strong wool is now being used as a pigment in screen printing for a new clothing range.Machinery & Products
Chinese Tractors Eye Western Europe
Having caused quite a stir at last year’s Agritechnica, Chinese manufacturer Zoomlion is reported to be conducting large-scale field trials…
Kuhn Group Sales Dip 9% in 2025 but Orders Signal Recovery
Kuhn Group recorded net sales of NZ$2.27 billion in 2025, finishing around 9% lower than in 2024.Rotowiper Unveils 12m Tractor Wiper at Waimumu Field Days
Showcased at the recent Waimumu Field Days, Rotowiper’s latest addition to its tractor mounted wiper range, the big 12m span…Franz Grimme Turns 80
Franz Grimme recently celebrated his 80th birthday earlier March and continues to be an entrepreneur with passion and pioneering spirit,…Top CNH Dealers Named as NZ Firms Shine in Awards
The most outstanding CNH dealers from across Australia and New Zealand for the past year have been revealed, with two New…» Latest Print Issues Online
The Hound
What A Choice!
OPINION: If you ask this old mutt, the choice at the next election isn't shaping up as a contest of…
Your Call!
OPINION: A mate of yours says we're long overdue for a reckoning on what value farmers really get for the…
» Connect with Rural News
» eNewsletter
