Tag: Fonterra

WEBWIRE – Monday, February 12, 2024 Fonterra Co-operative Group Ltd has today increased its 2023/24 season forecast Farmgate Milk Price, with the midpoint lifting by 30 cents to $7.80 per kgMS, up from $7.50 per kgMS. The forecast range for the season increases to $7.30-$8.30 per kgMS, up from $7.00 – $8.00 per kgMS. Fonterra CEO Miles Hurrell says the lift in the Farmgate Milk Price comes off the back of five strong Global Dairy Trade events. Recently, weve seen a lift in demand, primarily from the Middle East and South East Asia, for our reference commodity products and this ... Read more

WEBWIRE – Monday, February 27, 2023 Fonterra Co-operative Group Ltdreduced and narrowed its 2022/23 season forecast Farmgate Milk Price range from $8.50 – $9.50 per kgMS, with a midpoint of $9.00, to NZ$8.20 – $8.80 per kgMS, with a midpoint of $8.50. At the same time, Fonterra updated its forecast milk collections for the 2022/23 season to 1,465 million kgMS, down from its previous forecast of 1,480 million kgMS. Fonterra CEO Miles Hurrell says the revised forecast Farmgate Milk Price range reflects softened demand at a time of balanced supply. Demand for Whole Milk Powder, particularly from Greater China, has been ... Read more

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