Fonterra Co-operative Group cuts farmgate milk price as supply weighs on prices

Fonterra's Darfield site. (Image: Fonterra)

Tue, 25 Nov 2025

Fonterra Co-operative Group has lowered its farmgate milk price forecast as increased supply weighs down on global pricing.It is now forecasting a milk price of between $9/kgMS and $10/kgMS with a midpoint of $9.50/kgMS.The co-op opened the season at $10/kgMS with a wide range of $8/kgMS to $11/kgMS, but narrowed that down to $9/kgMS to $11/kgMS in late August.It paid $10.15/kgMS for the previous season.‘Strong forecast’ Tuesday’s cut is the first mid-season cut Fonterra has made to its forecast since 2023, having in...

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