Fonterra's boss says farmers are used to volatility in prices and payouts
Fonterra's boss says farmers are used to volatility in prices and payouts
15 January 2026
Its midpoint forecast farmgate milk price for this season now sits at nine-dollars, after a string of falls in global dairy prices.
That's more than 10-percent lower than last season's final payout.
Chief Executive Miles Hurrell says most farms are intergenerational, so farmers understand the ups and downs of the commodity cycle.
He says the pace of the northern hemisphere increase in supply may have caught some people out.
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