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...
by Freshagenda | Sep 6, 2023 | Global, Prices
The all-milk price declined in July according to USDA’s latest Ag Prices report. The all-milk price of US$0.40/l was down 2.8% from the prior month and was 32% lower in YOY terms. Average MPP farmgate margins fell 3.9% between June and July to $9.10/cwt (a multi-year...
by Freshagenda | Aug 30, 2023 | Global, Prices
Infometrics Senior Economist Nick Brundson highlights forecast 2023/24 payout will fall below operating expenses for the average New Zealand farm, but it’s part of the broader volatility of pricing and the evolution of the industry post “peak cow”. The latest drop in...
by Freshagenda | Aug 2, 2023 | Global, Prices
The all-milk price declined in June, according to USDA’s latest Ag Prices report. The all-milk price of US$17.90/cwt was down 7.3% from the prior month and 33% lower in YOY terms. Average MPP farmgate margins fell 19.7% between May and June to $4.30/cwt (a 130-month...
