Displaying items by tag: milk price

FONTERRA FARMERS will be offered two opportunities to lock in the price paid for a percentage of their milk in the 2014/15 season.

FONTERRA HAS lifted its forecast farmgate milk price for the 2013/14 season by 35 cents to a record level of $8.65 per kgMS.

SYNLAIT MILK has increased its forecast milk price for the 2014 season from $8kg/MS to a range of $8.30 to $8.40/kg/MS as the result of continuing high international commodity prices.

FONTERRA'S DEVIATION from the milk price manual will be looked at by the Commerce Commission this year.

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.