NZ's Fonterra raises annual milk price forecast on stable dairy prices
The company increased the midpoint of its annual forecast for farmgate milk price - the price it pays to farmers for milk - to NZ$10.15 per kilogram of milk solids (kgMS) from prior expectations of NZ$10.00 per kgMS.
Fonterra also narrowed the milk price forecast range for the 2025/2026 season to NZ$9.00 to NZ$11.00 per kgMS from an earlier view of NZ$8.00 to NZ$11.00 per kgMS.
"Global dairy trade prices continue to be strong, supporting the NZ$10.00 per kgMS forecast midpoint for the current season," CEO Miles Hurrell said.
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