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24 Jul 2021 4:38
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  •   Home > News > Rural

    Fonterra farmers believe this season's milk price won't budge much from a new midpoint of seven dollars and 55 cents

    Fonterra farmers believe this season's milk price won't budge much from a new midpoint of seven dollars and 55 cents


    Fonterra
    Fonterra
    The dairy co-op shaved five cents off the forecast - which will be finalised later this year.

    Federated Farmers Dairy chairman Wayne Langford says this likely indicates the price won't rise.

    Langford says he was a bit surprised it didn't lift - but farmers will have few complaints.

    Farmers are delighted with next season's record breaking midpoint forecast of eight dollars for next season.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     05 Jul: Changes to how Fonterra calculates the price of milk
     28 Jun: Fonterra has agreed to sell its two joint venture farms in China
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     16 Jun: Dairy prices have dropped 1.3 percent, at Fonterra's latest Global Dairy Trade auction overnight
     06 May: Dairy farmers have six months to decide on a capital restructure for Fonterra
     05 May: Hopes Fonterra will streamline how farmers buy and sell units
     05 May: The country's largest company is about to make a major announcement on its capital structure
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