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26 Jan 2022 23:39
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  •   Home > News > Rural

    Farmers are set to receive one of the largest payouts in Fonterra's history

    Farmers are set to receive one of the largest payouts in Fonterra's history


    Fonterra
    Fonterra
    The dairy giant has increased its forecast farmgate milk price -- with the mid-point now 8-dollars-40 per kilogram of milk solids, the highest equal paid by the co-op.

    Fonterra CEO Miles Hurrell says it's a result of continued demand for New Zealand dairy, relative to supply.

    He says demand from China's eased over the past couple of months, but other regions have stepped in.

    And global milk supply's forecast to be lower than average, driven by a slowdown in US production due to expensive feed.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     25 Jan: Farmers are creaming it and the economy will benefit
     19 Jan: A pleasant surprise for Fonterra at how much dairy prices have risen at the latest Global Dairy Trade auction
     11 Jan: Fonterra has been forced to slash its milk collection forecast
     18 Dec: Dairy farmers think they could face Covid-19 requirements when milk's picked up in the future
     18 Dec: Fonterra's employees have until the end of the month to say whether they think everyone at the company should be fully vaccinated against Covid-19
     10 Dec: The fate of Fonterra farmers is in the hands of Agriculture Minister Damien O'Connor
     09 Dec: Big changes could be on the horizon for Fonterra
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