Displaying items by tag: milk price

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.

Growing global demand for dairy products and a flat milk supply could be setting the stage for a near-record farm gate milk price this season.

What a difference a year can make.

Fonterra has bumped up its forecast farmgate milk price for the season on the back of rising commodity prices and a strong balance sheet.