Fonterra Cuts 2026/27 Milk Price Forecast to $9.25
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
Fonterra Shareholders' Council chairman, Duncan Coull, says record breaking efforts of shareholders saw 65% of farms, representing 73% of milksolids, cast their votes.
"This is an outstanding result for our co-op," says Coull.
"Fonterra farmers value the principle of 100% ownership and control and it is great to see shareholders, as the owners of Fonterra, come out in numbers to decide the direction in which their co-op will travel.
"My view is that the health of our co-op is dependent on our shareholders and their willingness to participate in the decision making processes and based on the participation rates in this Election I would suggest that our co-op is in very good shape."
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
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A five-year study has found that the cost of reducing emissions without technology may be significant and unsustainable for Northland dairy farmers.
DairyNZ says Waikato farmers need certainty on Plan Change 1, but they say that certainty must be matched with practical, workable rules and a clear transition that doesn't get ahead of the new resource management system currently under review.
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