NZ milk price forecasts rise

by | Sep 15, 2021 | Forecast, Global

The NZX milk price forecast for the 2021/22 season has jumped 39c to NZ$8.04kgMS following last week’s lift in prices at the GDT event, with WMP recording the largest price rise since March. Currently, the NZX milk price range is NZ$7.89 – NZ$8.42kgMS with the bottom of the range worked on the NZ:US exchange rate increasing 1.5c over the season while the top end of the range reflects commodity price increases of 5% on average over the season. The forecast of NZ$8.04kgMS assumes a US$0.72 average exchange rate for the season.