ASB expecting 'substantially lower' milk price next season

ASB expecting 'substantially lower' milk price next season
(Image: Getty)
Riley Kennedy
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...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024