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24 Apr 2021 4:52
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  •   Home > News > Business

    Chinese demand has pushed up the expected payout for farmers

    Chinese demand has pushed up the expected payout for farmers


    Fonterra
    Fonterra
    Fonterra has lifted its 2020/21 forecast farmgate milk price range from seven dollars 30 to seven dollars 90 a kilogram of milk solids, up from between 6.90 and 7.50.

    The co-op says it's a China-demand-led story.

    The Country host, Rowena Duncum, says there was concern China was stockpiling at the last auction.

    She says China's food service, businesses and schools are up-and-running again, so there's strong demand that isn't abating.

    © 2021 Newstalk ZB, NZCity


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