Fonterra Reduces Forecast Payout

Fonterra Reduces Forecast Payout

Earlier in the week, Fonterra reduced its forecast farmgate payout to a midpoint of NZ$9.50kgMS, down from NZ$10.00kgMS. The forecast range was narrowed to NZ$9.00kgMS—NZ$10.00kgMS, from NZ$9.00kgMS—NZ$11.00kgMS. Fonterra CEO Miles Hurrell said increasing global milk...
WMP Prices Plummet

WMP Prices Plummet

NZ regular WMP settled at US$3,295/t at this week’s GDT Pulse event, down US$150/t from the previous pulse and US$110/t lower than GDT #392 settle price. The expectation was for a lower settle price as the nearest SGX—NZX futures contract settled lower at US$3,245/t....
Peak Milk Declines

Peak Milk Declines

Australian milk production declined 2.4% YOY in October on a difficult-to-beat year-ago comparable. Seasonal production is now tracking 2.3% behind the prior year with peak production in the rearview mirror. October output fell year-over-year across most states. In...
WMP Prices Plummet

ADFC Lifts Milk Price

Australian Dairy Farmers Corporation (ADFC) lifted its milk price by 25c, paying $9.55kgMS in July to December and $10.05kgMS for January to June 2026. The revised price is backdated with suppliers receiving payment. Suppliers will receive the revised price from the...
GDT Prices All See Red

GDT Prices All See Red

GDT Event #392 posted the seventh consecutive overall decline with the index down 3.0% and weaker prices across all products. Butter and AMF led the losses. WMP average prices declined for the sixth consecutive auction. The NZ regular CP2 contract fell by 2% and WMP...