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

MyFarm sets up $190m kiwifruit investment fund
Primary Sector

MyFarm sets up $190m kiwifruit investment fund

It will start raising capital in July to pay down bank debt and buy more Zespri shares.

Govt axes 2024 ETS admin fee for forestry
Primary Sector

Govt axes 2024 ETS admin fee for forestry

The annual charge of $30.25 per hectare was introduced in October.

Staff reporters 14 Jun 2024
Rural banking inquiry a good opportunity, ASB says
Primary Sector

Rural banking inquiry a good opportunity, ASB says

Primary production select committee to be responsible for investigation.

Riley Kennedy 14 Jun 2024
NZ, China launch negotiations on service trade
Primary Sector

NZ, China launch negotiations on service trade

Chinese premier Li Qiang is in the country.

Riley Kennedy 13 Jun 2024