Email: [email protected] Fonterra has lifted its 2021/22 forecast Farmgate Milk Price range to NZD $8.90 - $9.50 per kgMS, an increase of 50 cents to the midpoint of NZD $9.20 per kgMS.
CEO Miles Hurrell says the lift is due to consistent demand and constrained global milk supply.
Fonterra has revised its 2021/22 milk collections to 1,500 million kgMS due to varying weather and challenging growing conditions.
The Co-op is keeping a close eye on inflationary pressures, dairy price volatility and economic disruptions from COVID-19.
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