Fonterra lifts payout forecast on improving global dairy prices

Fonterra lifts payout forecast on improving global dairy prices
Rebecca Howard
Fonterra Cooperative Group now expects to pay dairy farmers more in the current season as global dairy prices rise.The dairy giant lifted its 2019/2020 forecast farmgate milk price range from $6.25-7.25 per kilogram of milk solids to $6.55-7.55kgMS.The advance rate Fonterra pays its farmer owners will be set off the mid-point, $7.05kgMS, of the revised range, it said.“Demand for whole milk powder has been firm, and for the full season we’re expecting it to be above last year. Global WMP production is down year to date and expected to continue 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