Secured supply vs bottom line: independent processors more than comfortable with high milk price

Open Country is the largest independent dairy processor in NZ. (Image: Supplied)

Mon, 16 Dec 2024

The country’s independent dairy processors say they’re more than comfortable with the high cost of milk despite it likely hitting their bottom line.Because of Fonterra’s size and share of New Zealand’s milk pool, most independent processors have to keep up to ensure they are paying a competitive price to secure their milk supply.As global prices have strengthened, the co-op has hiked its forecast farmgate price four times this season, which is now past peak production period. Fonterra currently has a midpoint of $10...

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