Displaying items by tag: milk price

ANZ has revised its 2021-22 forecast milk price by 50c to $9.30/kgMS.

Fonterra has lifted the mid-point of its forecast milk price for this season by 40c to $8.40/kgMS.

Waikato milk processor Tatua says keeping products moving to overseas customers during the pandemic was one of the highlights of its last financial year.

At least one analyst is now predicting an all-time record farmgate milk price this season.

Fonterra has retained its 2021-22 forecast farmgate milk price range of $7.25 - $8.75/kgMS, with a midpoint of $8.

Fonterra says its milk collection for the season just ended almost hit 1,540 million kgMS, 1.5% ahead of the previous season.

Rabobank has joined the group of milk processors and banks forecasting a milk price of $8-plus for the new season.

Fonterra's wide forecast milk price range for the new season is realistic, says BNZ senior economist Doug Steel.

Fonterra's small group of organic farmers are facing a drop in milk price after a record $10.26/kgMS payout last year.

Fonterra has reduced its 2020-21 forecast farmgate milk price range midpoint by 5c.