Happy Days
OPINION: The good news keeps getting better for NZ dairy farmers.
A solid recovery of global dairy prices this year makes a $9.50/kgMS milk price almost a shoo-in for this season.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
A $10 milk price remains on the cards for this season despite recent softening of global dairy prices.
Farmers supplying milk to Taupo-based processor Miraka are getting a 2024-25 season base milk price of $10.16/kgMS.
Strong global milk production and rebalancing of demand among key buyers has delivered one of the biggest drops in whole milk powder prices in recent years.
A stronger than expected outlook for dairy has prompted one bank to lift its 2025-26 season forecast milk price by 75c to $10.25/kgMS.
Fonterra has announced a record forecast opening organic milk price of $12.30/kgMS for the new season.
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
The 2025-26 season is set to start on a high and a $10/kgMS opening forecast milk price isn't being ruled out.
OPINION: The good news keeps getting better for NZ dairy farmers.
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