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11 Aug 2022 14:21
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  •   Home > News > Rural

    Chinese demand has pushed up the expected payout for farmers

    Chinese demand has pushed up the expected payout for farmers


    Fonterra
    Fonterra
    Fonterra has lifted its 2020/21 forecast farmgate milk price range from seven dollars 30 to seven dollars 90 a kilogram of milk solids, up from between 6.90 and 7.50.

    The co-op says it's a China-demand-led story.

    The Country host, Rowena Duncum, says there was concern China was stockpiling at the last auction.

    She says China's food service, businesses and schools are up-and-running again, so there's strong demand that isn't abating.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     24 Jun: Farmers says a stock control bylaw being proposed by the Tasman District Council, will be impossible for farmers to comply with
     23 Jun: Fonterra has lifted its Farmgate Milk Price to a new record high
     22 Jun: Dairy prices have dipped 1.3 percent at the latest Global Dairy Trade auction overnight
     17 Jun: Fertiliser co-operative Ballance say they are beginning to produce their own fertiliser
     08 Jun: Fonterra is buying back 50 million dollars' worth of its own shares
     08 Jun: Fonterra has announced a 50-million dollar share buyback
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
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