Fonterra holds payout midpoint steady

Fonterra is still tipping milk collection will decline slightly. (Image: Supplied)

Fri, 03 Sep 2021

Fonterra held the mid-point of its forecast farmgate milk price for the current season steady in its latest announcement under the Dairy Industry Restructuring (Raw Milk) Regulations 2012. The dairy giant forecasts a payout price of $8.00 per kilogram of milk solids, which is the mid-point of the $7.25-to-$8.75 per kgMS opening forecast already announced. The solid payout will help offset rising costs for farmers. It is expecting its farmer-shareholders to supply 16.2 billion litres of milk in the season ending May 2022 and said...

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