- news, features, articles and disease information for the cattle industry


Fonterra Maintains 2019/2020 Milk Price Forecast Despite Risks

03 September 2019

NEW ZEALAND - Fonterra has maintained its current forecast farmgate milk price for the season, however has flagged some risks in the international dairy market.

In a statement, the dairy co-op's Chairman, John Monaghan said it had reviewed the 2019/2020 forecast in line with obligations under the Dairy Industry Restructuring Act (DIRA).

"We have maintained the current forecast range of $6.25 to $7.25 per kgMS, and the Advance Rate schedule, which is set off $6.75 per kgMS," he said.

"It is still early in the season with around 2 percent of our forecast full season milk volume collected to date, so we are retaining a range of +/- 50c per kgMS," said Mr Monaghan.

The range would narrow as the season progresses and there was greater certainty on production and sales.

To continue reading this article, please click here.

Source: Newshub

TheCattleSite News Desk


Seasonal Picks