Displaying items by tag: milk price

At least one analyst is now predicting an all-time record farmgate milk price this season.

Fonterra has retained its 2021-22 forecast farmgate milk price range of $7.25 - $8.75/kgMS, with a midpoint of $8.

Fonterra says its milk collection for the season just ended almost hit 1,540 million kgMS, 1.5% ahead of the previous season.

Rabobank has joined the group of milk processors and banks forecasting a milk price of $8-plus for the new season.

Fonterra's wide forecast milk price range for the new season is realistic, says BNZ senior economist Doug Steel.

Fonterra's small group of organic farmers are facing a drop in milk price after a record $10.26/kgMS payout last year.

Fonterra has reduced its 2020-21 forecast farmgate milk price range midpoint by 5c.

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.

New Zealand dairy farmers deserve credit for premium prices fetched around the world for their milk, says Fonterra chief executive Miles Hurrell.

Strong demand from China for whole milk powder has triggered another rise in Fonterra’s farmgate milk price.