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27 Apr 2024 14:25
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      Home > News > Rural

    Fonterra's Farmgate milk price has hit its highest level in years

    Fonterra's Farmgate milk price has hit its highest level in years


    Fonterra
    Fonterra
    The opening milk price for the 2018-19 season is seven-dollars per kilogram of milk solids.

    That's just shy of its record high of eight-dollars 40 in the 2013-14 season.

    Chairman John Wilson says the strong opening milk price will be very welcome news for the co-operative's farmers.

    He says global demand is expected to remain strong, especially from China.

    © 2024 Newstalk ZB,Newstalk ZB, NZCity

     Other Rural News
     23 Apr: Sheep farmers are being urged to hang on
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
     21 Mar: A good news day for Fonterra shareholders
     21 Mar: Dairy farmers will be breathing a sigh of relief with Fonterra's latest results
     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
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