Fonterra Cuts 2026/27 Milk Price Forecast to $9.25
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
Bay of Plenty dairy farmer Donna Smit has been elected to Fonterra’s board.
Smit and sitting director Michael Spaans were voted in by shareholders; Canterbury farmer Stuart Nattrass was unsuccessful.
Smit lives and farms at Edgecumbe; building and owning even dairy farms in Eastern Bay of Plenty and Oamaru.
She is a director of Ballance Agri Nutrients and Primary ITO, and a Trustee of Taratahi Agricultural Training Centre and Eastern Bay Energy Trust. A charted accountant by profession, she was company administrator at Kiwifruit Cooperative
EastPack for 24 years.
Smit will join the board at Fonterra’s annual meeting in Darfield on Thursday.
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
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While the Government has moved quickly to make commercial hauliers' lot easier during the current fuel crisis, they appear to be stuck in the creep box when it comes to the agricultural industry.