by Freshagenda | Apr 5, 2023 | Global, Prices
Fonterra has narrowed its farmgate milk price range to NZ$8.00kgMS to NZ$8.60kgMS, down from NZ$8.20kgMS – NZ$8.80kgMS. The new mid-point of NZ$8.30kgMS is NZ$0.20kgMS lower than the previous forecast midpoint. According to CEO Miles Hurrell the change reflects softer...
by Freshagenda | Dec 14, 2022 | Global, Prices
Fonterra narrowed its farmgate milk price forecast to a range of NZ$8.50kgMS to NZ$9.50kgMS for 2022/23, bringing its midpoint to NZ$9.00kgMS, down from the previous range of NZ$8.50kgMS to NZ$10.00kgMS. The narrowing of the forecast milk price follows strong Q1...
by Freshagenda | Sep 14, 2022 | Global, Prices
The fourth GDT Pulse auction saw prices for WMP C2 lift 4.4% to US$3,565/t with the C2 WMP price increasing US$25/t from the C2 price achieved at GDT #315. The auction lasted 9 rounds over 29 minutes with 965t of the maximum 1,000t WMP sold, indicating good demand for...
by Freshagenda | Jul 6, 2022 | Global, Prices
The US all-milk price marginally increased in May, according to USDA’s latest Ag Prices report. The May all-milk price of USUS$0.62/l was the highest on record in nominal terms and 42.9% higher in YOY terms. Average MPP farmgate margins rose by 0.9% between April and...
by Freshagenda | Jun 1, 2022 | Global, Prices
Fonterra has announced an opening forecast range of NZ$8.25kgMS – NZ$9.75kgMS with a NZ$9kgMS midpoint, reflecting continued demand for dairy and constrained global supply. Fonterra chief executive Miles Hurrell said Fonterra’s wide range for 2022/23 was a consequence...
by Freshagenda | May 11, 2022 | Global, Prices
Fonterra has revised its forecast farmgate milk price range to a range of NZ$9.10kgMS – NZ$9.50kgMS, down from NZ$9.30kgMS – NZ$9.90kgMS. Fonterra said the milk price revision is due to a number of recent events that have resulted in short-term impact on global demand...
