by Freshagenda | May 30, 2024 | Global, Prices
Fonterra has announced an opening farmgate milk price range of NZ$7.25kgMS—NZ$8.75kgMS with a midpoint of NZ$8kgMS. Fonterra also narrowed its 2023/24 range to NZ$7.70kgMS-NZ$7.90kgMS, maintaining a midpoint of NZ$7.80kgMS. The midpoint opening price for Fonterra’s...
by Freshagenda | Apr 4, 2024 | Global, Prices
The all-milk price rose in February according to USDA’s latest Ag Prices report. The all-milk price of US$0.47/l was up 2.5% from the prior month but still 4.6% lower YOY. Average MPP farmgate margins rose by 11% between January and February to $10.5/cwt, reflecting a...
by Freshagenda | Mar 21, 2024 | Global, Prices
Fonterra New Zealand has released interim results for FY2024 reporting net profit after tax jumped 23% to NZ$674m, driven by increased EBIT (+11%) and a dip in financing costs, down 43%. Fonterra reported a drop in earnings of NZ$383m for its Ingredients category...
by Freshagenda | Feb 15, 2024 | Global, Prices
Fonterra New Zealand has lifted its forecast farmgate milk price range by NZ30c to NZ$7.30kgMS—NZ$8.30kgMS, bringing the midpoint to NZ$7.80kgMS following five strong GDT events. Fonterra’s forecast earning guidance for FY24 of NZ50c—NZ65c remains unchanged. CEO...
by Freshagenda | Dec 13, 2023 | Global, Prices
Fonterra has lifted its forecast farmgate milk price range for 2023/24 to NZ$7kgMS—NZ$8kgMS, raising its midpoint by NZ25c to NZ$7.50kgMS. According to Fonterra CEO Miles Hurrell, the revised forecast reflects recent strengthening in demand from key importers,...
by Freshagenda | Oct 11, 2023 | Global, Prices
Fonterra New Zealand has lifted its 2023/24 forecast farmgate price to a range of NZ$6.50kgMS to NZ$8.00kgMS, with its midpoint now sitting at NZ$7.25kgMS, lifting NZ50c from the previous forecast. Fonterra CEO Miles Hurrell said the improved outlook reflects both...
