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29 Nov 2021 21:34
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  •   Home > News > Rural

    Farmers are set to receive one of the largest payouts in Fonterra's history

    Farmers are set to receive one of the largest payouts in Fonterra's history


    Fonterra
    Fonterra
    The dairy giant has increased its forecast farmgate milk price -- with the mid-point now 8-dollars-40 per kilogram of milk solids, the highest equal paid by the co-op.

    Fonterra CEO Miles Hurrell says it's a result of continued demand for New Zealand dairy, relative to supply.

    He says demand from China's eased over the past couple of months, but other regions have stepped in.

    And global milk supply's forecast to be lower than average, driven by a slowdown in US production due to expensive feed.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     26 Oct: Increased forecast milk payments are a boost for farmers who still face other concerns
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     07 Oct: Some good news could be on the way for dairy farmers
     23 Sep: Fonterra has big plans for the future
     23 Sep: Fonterra's happy it's further reduced debt
     23 Sep: A big decision for Fonterra dairy farmers
     12 Sep: Farmers are excited at the prospect of converting to growing oats, but it will come down to what the yield per tonne price is
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