Displaying items by tag: milk price

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.

Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.

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.

Buoyed by strong forecasts for milk prices and a renewed demand for dairy assets, the South Island rural real estate market has begun the year with positive momentum, according to Colliers.