Fonterra Expands China Foodservice Business with New Anchor Essence Cream
Fonterra is strengthening its foodservice presence in China with the launch of a new cream for professional bakeries at Bakery China 2026 in Shanghai.
However, the 2.2% rise in GDT price index won’t be enough to prevent another downward revision of the farm gate milk price.
Fonterra is expected to revise the farm gate milk price, currently sitting at a range of $6.25/kgMS to $6.50/kgMS.
Whole milk powder price rose 2.5% to US$2,667/MT but still below the US$3000/MT threshold. The US$3000/MT is generally regarded as the break-even point for farmers, although adverse currency movements can hinder beneficial price movements.
Key results
AMF index up 3.9%, average price US$4,755/MT
Butter index up 2.7%, average price US$3,745/MT
BMP index up 16.9%, average price US$2,973/MT
Ched index down 2.2%, average price US$3,184/MT
LAC index up 0.5%, average price US$918/MT
RenCas index up 2.0%, average price US$5,167/MT
SMP index up 0.3%, average price US$1,970/MT
SWP index not available, average price not available
WMP index up 2.5%, average price US$2,667/MT
