Archive: Fonterra holds its farmgate milk price forecast

Published 26 February 15

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New Zealand (NZ) processor Fonterra has announced it will maintain its forecast farmgate milk price for the 2014/15 season at $4.70 per kilos of milk solids (kgMS); equivalent to 17ppl. Although dairy commodity prices have increased recently, the company has said the change has not been sufficient to raise the forecast.

Chairman John Wilson commented: “There continues to be significant volatility in international commodity prices.”  The cooperative has advised farmers to continue to be cautious with budgeting, especially as the impact of the dry weather on NZ production is still uncertain.

Fonterra is required to review its forecast every quarter so this price could remain until the end of NZ’s current season.