Displaying items by tag: milk price

Fonterra farmers are in line for a record milk price of $10/kgMS this season.

A record farmgate milk price for Fonterra shareholders is all but confirmed for this season.

Is a record $10 milk price on the cards this season?

Canterbury milk processor Synlait has lifted its forecast base milk price for the 2024/2025 season to $9/kgMS.

Taupo-based dairy company Miraka has lifted its forecast milk price for the season to $9.17/kgMS.

ASB has become the first bank to forecast a milk price above $9/kgMS for this season.

Waikato-based milk processor Tatua has announced a final 2023-24 season payout of $10.50/kgMS for its farmer shareholders, again topping the payout stakes among NZ milk processors.

Fonterra has reported a net profit of $1.1 billion for financial year ending July 31, 2024.

Fonterra farmers have received several pieces of good news this morning.

OPINION: It's that time of the year again when milk processors announce their annual results and final milk payout for the previous season.