Displaying items by tag: Milk prices

Fonterra has bumped up its forecast farmgate milk price for the season on the back of rising commodity prices and a strong balance sheet.

August could be a crucial month for the farmgate milk price for this season, according to Rabobank senior agricultural analyst Emma Higgins.

The Fonterra Co-operative Council is looking for a farmer representative to sit on the Fonterra Milk Price Panel.

Troubled Canterbury milk processor, Synlait has delivered more bad news to its shareholders.

An $8/kgMS farm gate milk price is still on the cards with less than six weeks left to run this season.

Westland Milk has reaffirmed its commitment to pay farmer suppliers 10c above Fonterra farm gate milk price for the following two seasons.

A better than expected start to milk production in New Zealand has softened global dairy prices, says Westpac senior agri economist Nathan Penny.

A full rebalance of China’s dairy market is not expected in the near future, so dairy farmers in New Zealand and around the world will need to manage through more financial pain in the months ahead.

Dairy prices rose for the second successive Global Dairy Trade (GDT) auction last week, but the jury is still out on whether prices have turned a corner.

Fonterra has announced a final 2022-23 season farmgate milk price of $8.22/kgMS and a full-year dividend of 50c.