Fonterra has today revised its 2022/23 forecast Farmgate Milk Price range from NZ$8.75-$10.25 per kgMS to NZ$8.50-$10.00 per kgMS, reducing the midpoint from NZ$9.50 to NZ$9.25 per kgMS.
This change is due to a number of factors, including the recent downward trend in global dairy prices, and the general impact of inflation on purchasing behaviour.
Fonterra will release its financial results for the year ending 31 July 2022 on Thursday, 22 September 2022.
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