ASB expecting 'substantially lower' milk price next season

(Image: Getty)

Fri, 20 Jan 2023

ASB Bank lowered its forecast farmgate milk price for the current season as global dairy prices weaken and it tipped a “substantially lower” price for next season. The bank is now forecasting Fonterra’s farmgate milk price will be $8.65 per kilogram of milk solids (kgMS) for the current season and gave an opening price of $7/kgMS for the 2023/24 season.In December, the dairy co-op narrowed its milk price range for this season to between $8.50 and $10/kgMS, with a midpoint of $9.ASB’s forecastWhile the Global Dairy T...

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