Displaying items by tag: milk price

HOLDING THE forecast farmgate milk price and lowering the dividend to 10c was a practical decision given the unusual market conditions says Fonterra Shareholders' Council chairman, Ian Brown.

FONTERRA IS maintaining its forecast farmgate milk price at $8.30kg/MS for the 2013/14 season.

WESTLAND EXPECTS sales revenue of more than $750 million this season resulting in an operating surplus of $7.60-$8/kgMS before retentions.

The Fonterra Shareholders' Council and DairyNZ have welcomed the 50c increase in forecast Farmgate Milk Price.

Fonterra's forecast payout for the 2013/14 will significantly boost dairy farmers' spirits after a tough season impacted by the worst drought for 70 years, says DairyNZ.

Fonterra's opening forecast farmgate milk price is $7kg/MS for the 2013/14 season - up $1.20 on the current season.

Fonterra  has confirmed its payout forecast range for the 2012/13 season of $5.90 - $6.00 before retentions for a fully shared up farmer, unchanged from the previous forecast range.

Fonterra is suspending for six months the five cents differential between its share-backed and non-share backed Farmgate Milk Price.

The Commerce Commission is calling for submissions to the draft report it has released on its first statutory review of Fonterra's milk price manual.

Fonterra has welcomed the Commerce Commission's release of its final report on the dry run review of how Fonterra sets its farm gate milk price.