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

Without Dawn Meats, Alliance faces 'real’ threat of collapse
Primary Sector

Without Dawn Meats, Alliance faces 'real’ threat of collapse

The fate of the deal will come down to a shareholder vote next month.

MyFarm KiwiFruit Fund launches $35 million capital raise
Primary Sector

MyFarm KiwiFruit Fund launches $35 million capital raise

The MyFarm KiwiFruit Fund has launched a $35 million capital raise for wholesale and institutional investors, and those offshore that qualify for the Active Investor Plus visa.Units are being offered at $1.02, a 5% discount to the fund’s net asset value.The offer, which will clos...

Rebecca Howard 18 Sep 2025
TTR seabed mining bid not affected by law change
Primary Sector

TTR seabed mining bid not affected by law change

No-go zones will not apply to controversial mining bid.

Ian Llewellyn 18 Sep 2025