Fonterra's $12 billion forecast

In the nine months ended April 30, Fonterra delivered a normalised profit of $587 million.

Wed, 26 May 2021

The mid-point of Fonterra’s opening milk price for season starting June 1 will see it pump $12 billion into the New Zealand economy.The dairy giant announced an opening forecast farmgate milk price range for the 2021/22 season of $7.25-to-$8.75 per kilogram of milk solids, with a mid-point of $8.00. The improving global economic environment and strong demand for dairy, relative to supply, are behind the forecast, chief executive Miles Hurrell said.‘“Global demand for dairy, especially New Zealand dairy, is continuing to g...

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