Fonterra's record forecast organic milk price
Fonterra has announced a record forecast opening organic milk price of $12.30/kgMS for the new season.
Canterbury milk processor Synlait has lifted its forecast base milk price for the 2024/2025 season to $9/kgMS.
The 40c jump in Synlait’s milk price matches Fonterra’s mid-point and points to further consolidation around a minimum $9 payout for the season.
Synlait says continued strengthening in global commodities prices, off the back of contractions in global supply, drive this forecast increase.
The company says that it remains committed to delivering a competitive milk price, advanced rates, and to ensure its on-farm offering remains highly attractive to farmer suppliers.
Forecasts are based on the best information available to Synlait at the time, it says.
Synlait will continue to monitor movements and update farmer suppliers as required.
Holstein Friesian excellence was front and centre at the 2025 Holstein Friesian NZ (HFNZ) Awards, held recently in Invercargill.
The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.
This past week has seen another round of negotiations between India and New Zealand to produce a free trade agreement (FTA) between the two countries.
Cautiously optimistic is how DairyNZ's regional manager for the lower North Island, Mark Laurence describes the mood of farmers in his patch.
The Infrastructure Commission has endorsed a plan by Chorus to expand fibre broadband to 95% of New Zealand much to the delight of rural women.
Questions are being raised about just how good the state of the dairy industry is - especially given that the average farmgate payout for the coming season is set to exceed $10/kgMS.
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