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10 Feb 2025 9:44
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  •   Home > News > Rural

    A significant adjustment for dairy farmers

    A significant adjustment for dairy farmers


    Fonterra
    Fonterra
    Fonterra has drastically cut its forecast Farmgate Milk Price -- with the midpoint falling from eight-dollars-per-kilogram of milk solids, to just seven-dollars.

    It's blaming reduced demand for whole milk powder from China.

    Rabobank Senior Agriculture Analyst Emma Higgins says the latest expected midpoint is now 24 percent less than where it was this time last year.

    She says dairy commodity prices are now below five year averages -- which is what's driving this adjustment coming through.

    Higgins says for some dairy farmers that adjustment will unfortunately be quite painful.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     06 Feb: KiwiRail and Fonterra are celebrating a full return of rail volume to Northland
     29 Jan: Fonterra is investing 150 million-dollars in electrification over the next 18 months
     15 Jan: Good news for dairy farmers - not so good for everyone else
     16 Dec: An early Christmas present for sheep farmers, with rising export prices for lamb
     05 Dec: Fonterra has raised the midpoint of its forecast Farmgate Milk Price, by 50 cents, to 10 dollars
     20 Nov: Dairy prices have risen another 1.9 percent at this morning's Global Dairy Trade auction
     12 Nov: Another global dairy giant could take over some of Fonterra's most well-known brands
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