News | Rural
8 Mar 2021 7:17
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  •   Home > News > Rural

    Fonterra's increased the mid-point of its forecast farmgate milk price range to $6.80 per kilos of Milk Solids, up from $6.40

    Fonterra's increased the mid-point of its forecast farmgate milk price range to $6.80 per kilos of Milk Solids, up from $6.40


    Fonterra
    Fonterra
    It's been driven by improved demand out of China.

    The company believes it will add around 10-billion dollars to regional New Zealand.

    The co-op left itself plenty of wriggle room by retaining its current plus or minus 50c per kg range, but at $6.80, the price would be one of the highest paid by the co-op.

    Chief executive Miles Hurrell says in particular, demand for whole milk powder - a big driver of milk price - has been stronger than expected.

    © 2021 Newstalk ZB, NZCity


     Other Rural News
     05 Mar: Chinese demand has pushed up the expected payout for farmers
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     25 Feb: Promising news for Fonterra shareholders
     28 Jan: Kiwi dairy farmers are leading the world in low emission production, but there's always room for improvement
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