Higher farmgate milk price could put another $1b in rural economy

Higher farmgate milk price could put another $1b in rural economy
(Image: Unsplash)
Rebecca Howard
If analysts are on the money, dairy co-operative Fonterra’s opening forecast for the new season could inject another $1 billion into the New Zealand economy.Times, however, will be tougher across the Tasman. ANZ Bank is expecting Fonterra’s NZ milk price to be $8.50 per kilogram of milk solids (MS) by the end of 2025-24.The NZ season kicks off on June 1. Fonterra is expected to announce its opening forecast this week. Westpac Bank’s latest NZ forecast for the new season was $8.40 kg/MS, but chief economist Kelly Eckh...

More Primary Sector

Less than 10% of Provincial Growth Fund loans repaid
Primary Sector

Less than 10% of Provincial Growth Fund loans repaid

Of nearly $366m paid out in loans, just over $34m has been repaid.

Michael Neilson 04 Nov 2025
Mammoth application for Santana gold mine
Primary Sector

Mammoth application for Santana gold mine

A 9,400-page submission targets what is said to be NZ's largest gold find in 40 years.

Pattrick Smellie 03 Nov 2025
Rising volumes push Port of Tauranga profit outlook higher
Primary Sector

Rising volumes push Port of Tauranga profit outlook higher

Port of Tauranga expects its full-year net profit after tax to fall somewhere between $137 million and $147m.The NZX-listed port company’s container volumes increased 9% to 319,649 TEUs in the first three months to Sept 30.Total trade increased 5.9% in volume compared to the same...

Staff reporters 31 Oct 2025