Fonterra's milk price will put farmers under pressure

Fonterra's milk price will put farmers under pressure
Global milk production is still growing but is losing steam. (Image: Fonterra)
Rebecca Howard
Fonterra’s opening milk price for the current season will make dairy farm profitability “a real challenge”, said Rabobank senior agricultural analyst Emma Higgins.“While profitability depends on farming systems and management styles, forecast farmgate milk prices are at or below Rabobank’s estimation of average costs of production,” she said. In late May, Fonterra opened the new dairy season with a forecast farmgate milk price of $7.25 to $8.75 per kilogram of milksolids (kgMS), with a midpoint of $8.00...

More Primary Sector

GDX LP's liquidators wants $600k set aside
Primary Sector

GDX LP's liquidators wants $600k set aside

Genetic Development (NZ) Exports Limited Partnership collapsed over two years ago.

Nick Beeby appointed CEO of NZ Meat Board
Primary Sector

Nick Beeby appointed CEO of NZ Meat Board

Nick Beeby has been permanently appointed the chief executive of the New Zealand Meat Board (NZMB).He has been acting in the job since Sam McIvor, also the CEO of Beef + Lamb NZ (BLNZ), left the role in July last year.Beeby joined NZMB as general manager of quota and information...

Staff reporters 14 Jan 2025
Scott Tech lands $18m in meat processing deals
Primary Sector

Scott Tech lands $18m in meat processing deals

The contracts will be recognised across Scott’s 2025 and 2026 financial years.

Ben Moore 14 Jan 2025
Australia red meat exports hit record levels – again
Primary Sector

Australia red meat exports hit record levels – again

Large volumes across the Tasman weigh on New Zealand prices.

Riley Kennedy 14 Jan 2025