Fonterra's $13 billion milk payout bump

The payout equates to $13b for rural New Zealand. (Image: Supplied)

Tue, 26 Oct 2021

Fonterra has lifted its forecast farmgate milk price on the back of strong demand, a move that will pump almost $13 billion into regional New Zealand.The dairy cooperative will now pay a range of $7.90-$8.90 per kilogram of milk solids (kgMS), up from the previous forecast of $7.25-$8.75 per kgMS.The midpoint is now $8.40 per kgMS versus the prior forecast of $8.00.“At an $8.40 midpoint, this would equal the highest farmgate milk price paid by the co-op, and would see almost $13 billion flow into regional NZ through milk price payme...

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