Plant-based bubble bursts
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Successive drops in the price of whole milk powder have prompted Fonterra to revise its forecast milk price for the season.
Farmgate milk price forecasts continue to fluctuate despite a rise in the last Global Dairy Trade (GDT) auction.
Fonterra has lifted its forecast farmgate milk price, hot on the heels of a huge leap in global dairy prices.
Fonterra has announced an opening forecast farmgate milk price of $4.25/kgMS for the 2016/17 season, an increase of 35 cents on the forecast for the current season.
Today's announcement of a further 25c drop in the current season forecast farmgate milk price is a "bitter pill" for farmers to swallow, says Fonterra Shareholders' Council chairman Duncan Coull.
Like a lot of dairy farmers, I am pretty happy about farewelling 2015, and looking ahead to a New Year with better prospects and farmgate milk prices.
Independent Waikato dairy company Tatua Cooperative has given its 114 suppliers a financial boost with a final payout of $7.10 per kilogram of milksolids for the 2014-15 season.
Independent Waikato dairy company Tatua Cooperative has given its 114 suppliers a financial boost with a final payout of $7.10 per kilogram of milksolids for the 2014-15 season.
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