Fonterra Cuts 2026/27 Milk Price Forecast to $9.25
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
More than 3000 Fonterra farmers were consulted during the co-op's governance and representation review, says chairman John Wilson.
Wilson says over 400 meetings were held around the dairying regions; the last shed meeting was held this week.
Wilson told about 150 shareholders at Fonterra's special meeting today that the quality of feedback at these meeting was "excellent".
"Your feedback and ideas helped us make changes to the original proposal, he says.
Wilson says there's no "off the shelf" solution to the co-op's governance and representation.
He says the proposal asks farmers to make significant changes to take the co-op forward.
Wayne and Ange Moxham of Horowhenua have just been named as Fonterra's top organic performer for milksolids. As well as providing organic milk to Fonterra, the couple also sell Udderly Organic milk to more than 100 outlets in the region and are embarking on another exciting venture producing organic gelato. Reporter Peter Burke went along to see their farming operation.
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Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
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