Displaying items by tag: milk price

Is a record $10 milk price on the cards this season?

Canterbury milk processor Synlait has lifted its forecast base milk price for the 2024/2025 season to $9/kgMS.

Taupo-based dairy company Miraka has lifted its forecast milk price for the season to $9.17/kgMS.

ASB has become the first bank to forecast a milk price above $9/kgMS for this season.

Waikato-based milk processor Tatua has announced a final 2023-24 season payout of $10.50/kgMS for its farmer shareholders, again topping the payout stakes among NZ milk processors.

Fonterra has reported a net profit of $1.1 billion for financial year ending July 31, 2024.

Fonterra farmers have received several pieces of good news this morning.

OPINION: It's that time of the year again when milk processors announce their annual results and final milk payout for the previous season.

Despite last week’s drop in global dairy prices, consensus is emerging among economists that the season’s milk price will end up near $9/kgMS.

OPINION: There's growing confidence that dairy prices are firming up.