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27 Jul 2024 15:57
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  •   Home > News > Rural

    Fonterra is still assessing whether rising global prices will push up its Farmgate Milk forecast

    Fonterra is still assessing whether rising global prices will push up its Farmgate Milk forecast


    Fonterra
    Fonterra
    Prices rose again overnight at the Global Dairy Trade auction -- with Whole Milk Powder up 3.4 percent, and overall prices up 4.2.

    The forecast farmgate price midpoint has sat on seven-dollars-50 since December.

    Chief Executive Miles Hurrell says it'll be reviewed in the next few days.

    He says they will also take a close look at their numbers when they release their interim results next month.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     19 Jul: A batch of sesame seeds is being recalled due to risk of salmonella
     12 Jul: Dairy farmers are relieved Synlait milk will live to see another day, after winning shareholder approval to take out a 130-million dollar loan
     03 Jul: Belief dairy prices could still go up, despite prices falling in the latest Global Dairy Trade auction
     27 Jun: A tough time for dairy farmers with expenses up, and profits down
     05 Jun: Dairy prices are up another 1.7 percent in this morning's latest Global Dairy Trade auction
     29 May: Fonterra remains wary about the state of the global dairy market
     17 May: Uncertainty around Fonterra's plan to sell well-known brand Anchor
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