Fonterra holds mid-point in milk price forecast

by | Sep 8, 2021 | Forecast, Global

In its most recent DIRA announcement, Fonterra maintained its 2021/22 forecast farmgate milk price at a mid-point of NZ$8.00kgMS. Prior to the season commencing, Fonterra forecast a farmgate milk price range of NZ$7.25 kgMS – NZ$8.75 kgMS, however, no upper and lower range was outlined in the latest DIRA announcement.

Meanwhile, Fonterra forecasts milk collections for the 2021/22 season at 1,525m kgMS with 1,455m kgMS collected from shareholding farmers. Fonterra’s forecast supplement payment for farms supplying winter milk is at NZ$1.74kgMS for North Island farmers, NZ$2.19kgMS for South Island farmers and organic farmers will receive a NZ$0.60kgMS premium for the 2021/22 season.