Another milk price cut on the cards before Christmas

Another milk price cut on the cards before Christmas
Fonterra chief executive Miles Hurrell. (Image: Supplied)
Riley Kennedy
Another cut to the farmgate milk price appears almost certainly back on the cards after a continued drop in global prices.Whole milk powder (WMP) took another hit at the last Global Dairy Trade auction of 2025 on Wednesday morning NZ time, dropping further than expected, down 5.7% to US$3,161 (NZ$5,466) per metric tonne.WMP has the largest impact on the farmgate payout and has now fallen nearly 28% off its peak in May this year.Watch Herald NOW: Pressure on payout, NZICC costs revealed in court, fair-trading breaches for infomercial retailerFon...

More Primary Sector

Miners prosper on the NZX
Primary Sector

Miners prosper on the NZX

In late morning trading, Manuka Resources was up 25% to 15 cents.

Ian Llewellyn 07 Jan 2026
Dairy prices kick off 2026 in better spirits
Primary Sector

Dairy prices kick off 2026 in better spirits

The auction snapped a run of nine consecutive falls. 

Rebecca Howard 07 Jan 2026
Dawn Meats’ Niall Browne appointed acting CE of Alliance
Primary Sector

Dawn Meats’ Niall Browne appointed acting CE of Alliance

Alliance Group chief executive Willie Wiese is stepping down and Niall Browne, group chief executive at Dawn Meats, has been appointed acting CE. Wiese has decided to leave the company after eight years, including almost three as chief executive, to attend to pressing family matt...

Staff reporters 06 Jan 2026
Business leader Rachel Taulelei made CNZM
Primary Sector

Business leader Rachel Taulelei made CNZM

Rachel Emere Taulelei's governance and board roles span several industries.

Jaime Lyth 31 Dec 2025