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19 May 2024 12:44
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  •   Home > News > Rural

    Lower demand for whole milk powder in China has caused a flow on effect for kiwi dairy farmers

    Lower demand for whole milk powder in China has caused a flow on effect for kiwi dairy farmers


    Fonterra
    Fonterra
    Fonterra has lowered its season forecast Farmgate Milk Price midpoint by fifty cents - from nine-dollars to eight-dollars-fifty.

    The Country's Rowena Duncum says although it doesn't come as a surprise, it's still disappointing.

    She says some farmers will struggle to break even this season - it will be a really big challenge on top of all the weather issues.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     17 May: Uncertainty around Fonterra's plan to sell well-known brand Anchor
     17 May: Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business
     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
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