Author: bfaludie7059222
Fonterra provides milk price update
2022/23 forecast Farmgate Milk Price range revised from NZ$8.75-$10.25 per kgMS to NZ$8.50-$10.00 WEBWIRE – Friday, August 26, 2022
Fonterra today revised its 2022/23 forecast Farmgate Milk Price range from NZ$8.75-$10.25 per kgMS to NZ$8.50-$10.00 per kgMS.
This reduces the midpoint of the range from NZ$9.50 to NZ$9.25 per kgMS, however the current advance payment rate of NZ$5.70 per kgMS is unchanged.
Fonterra Chief Executive Miles Hurrell says the change in the 2022/23 forecast Farmgate Milk Price will be disappointing for our farmers but it reflects a number of factors, including the recent downward ... Read more