Fonterra Cuts 2026/27 Milk Price Forecast to $9.25
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
NEW FONTERRA director Leonie Guiney says she is humbled by the farmer support.
Guiney won the Fonterra board elections along with two sitting directors- John Monaghan and David McLeod.
She took up her new position at Fonterra's annual meeting in Palmerston North today.
Guiney, an outspoken farmer from Fairlie, South Canterbury, has attacked Fonterra policies in the past.
She told the meeting that despite having issues with Fonterra's management, farmer shareholders were committed to the co-op.
"They are committed as long as they get a hearing," she says.
She noted that was essential for the co-op to be open for "two-way engagement".
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
New Zealand dairy farmers are set to be the first in the world to receive access to a new digital physical milk pricing tool that enables them to fix the price for their physical milk.
State farmer Pāmu is opening its farm gates this summer in an effort to give the rural sector the opportunity to see how large-scale, multi-system farming is delivering productivity and profitability across New Zealand.
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.
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.

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