Fonterra today announced a revision to its 2022/23 forecast Farmgate Milk Price range, reducing it from NZ$8.75-$10.25 per kgMS to NZ$8.50-$10.00 per kgMS.
This reduces the midpoint of the range from NZ$9.50 to NZ$9.25 per kgMS, however the current advance payment rate of NZ$5.70 per kgMS remains unchanged.
Fonterra will release its financial results for the year ending 31 July 2022 on Thursday, 22 September 2022.
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