by Freshagenda | Feb 1, 2023 | Forecast, Global
In its latest Global Dairy Update, Fonterra maintained its farmgate milk price forecast range of NZ$8.50kgMS – NZ$9.50kgMS and milk collections for the season of 1,480m kgMS, up from total milk collections of 1,478m kgMS in the 2021/22 season. Fonterra also reported...
by Freshagenda | Dec 14, 2022 | Forecast, Global
The USDA milk production growth forecast for 2022 was unchanged from November in its December WASDE report. Milk output is expected to be up 0.3% YOY at 103bn kgs in 2022 after a 1.3% YOY lift in 2021. Milk production was projected to increase 1.1% in 2023 compared to...
by Freshagenda | Nov 16, 2022 | Forecast, Global
The USDA’s milk production growth forecast for 2022 was unchanged from the prior month in its November WASDE report. Milk output is expected to be up 0.3% YOY at 103bn kgs in 2022 after a 1.3% YOY lift in 2021. As in the prior WASDE report, milk production for 2023...
by Freshagenda | Sep 14, 2022 | Forecast, Global
Fonterra revised its 2023 forecast earnings guidance to NZ45c – NZ60c per share, up from NZ30c – NZ45c per share and revised its forecast milk collections for the 2022/23 season down from the earlier forecast of 1,510m kgMS to 1,495m kgMS. Fonterra 2023 forecast...
by Freshagenda | Aug 31, 2022 | Forecast, Global
Fonterra revised its farmgate milk range for the 2022/23 season to NZ$8.50kgMS to NZ$10.00kgMS, down from NZ$8.75kgMS to NZ$10.25kgMS. The downgrade reduces the midpoint of the range from NZ$9.50kgMS to NZ$9.25kgMS. Fonterra CEO Miles Hurrell acknowledged that farmers...
by Freshagenda | Aug 10, 2022 | Forecast, Global
NZX has lowered its current season price forecast by 44c to NZ$9.01kgMS, with a tightened range of NZ$8.79 to NZ9.49kgMS. Two consecutive GDT price falls are crushing milk price expectations and reflect current market volatilty. However, NZX analysts stress the...
