Fonterra reduces farmgate milk price for new season, co-op's profit up

Fonterra reduces farmgate milk price for new season, co-op's profit up
Fonterra chief executive Miles Hurrell. (Image: Getty)
Riley Kennedy
Fonterra narrowed its forecast range for the current season's farmgate milk price and announced an even lower price for the season that kicks off June 1, news that won't be well received by farmers who are already under pressure.The forecast range for the current season is now $8.10 to $8.30 per kilogram of milk solids versus $8.00 to $8.60 per kgMS. The midpoint is now $8.20 per kgMS versus a prior forecast of $8.30 per kgMS.Fonterra opens the new dairy season with a forecast farmgate milk price of $7.25 to $8.75 per kgMS, with a midpo...

More Primary Sector

Primary sector can help regulators avoid ‘dumb rules’
Primary Sector

Primary sector can help regulators avoid ‘dumb rules’

New technology will enable better data and lead to better regulations.

MyFarm's solar seduction
Primary Sector Analysis

MyFarm's solar seduction

What does an investor need to believe about this 10-12% p.a. offer?

Cashed-up farmers balance spending, confidence returns
Primary Sector

Cashed-up farmers balance spending, confidence returns

Fieldays are a good proxy for the mood of the rural sector.

Bremworth wins $2m Kāinga Ora wool carpet contract
Primary Sector

Bremworth wins $2m Kāinga Ora wool carpet contract

The NZX-listed carpet market says the contract is of huge strategic value.

Staff reporters 13 Jun 2025