Demand is ‘fragile’: ANZ still lifts its farmgate milk price by 55c

(Image: ANZ Bank)

Thu, 30 Nov 2023

ANZ has lifted its farmgate milk price forecast for the 2023-24 season by 55 cents on the back of dairy commodity prices trending higher.The new forecast is now $7.70 per kilogram of milk solids (kgMS) for the 2023-24 season.ANZ Bank agriculture economist Susan Kilsby said the dairy commodity prices had “generally trended higher” since ANZ’s last farmgate milk price in August when the bank cut its milk price forecast by 60 cents. “Global dairy demand is still fragile but is generally improving,” she...

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