Displaying items by tag: milk price

OPINION: Fonterra farmers will be hoping (and praying) for their second ever $8-plus milk price this season, but for the co-op's 70 organic milk suppliers, another $10-plus payout is almost a certainty.

New Zealand dairy farmers deserve credit for premium prices fetched around the world for their milk, says Fonterra chief executive Miles Hurrell.

Strong demand from China for whole milk powder has triggered another rise in Fonterra’s farmgate milk price.

Covid-related uncertainty continues to affect global dairy markets but strong demand from China is helping New Zealand farmers.

Fonterra’s first fixed milk price event attracted 215 farms, offering over 11 million kgMS to the co-op for $6.75/kgMS.

Fonterra’s farm gate milk price faces another revision following the Global dairy Trade (GDT) auction overnight.

The Global Dairy Trade lift overnight of 2.6% is broadly in line with expectations, says ASB rural economist Nathan Guy.

Fonterra has confirmed it will pay part of its forecast final dividend earlier, to support farmers during a time of extremely tight on-farm cash flows.

With the payout down and dry conditions looming, what's the last thing dairy farmers need now? An ageing political mouth with an overactive media secretary using the industry to try to make political capital.