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23 May 2024 5:10
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  •   Home > News > Rural

    Some good news could be on the way for dairy farmers

    Some good news could be on the way for dairy farmers


    Fonterra
    Fonterra
    Economists are forecasting farmgate milk prices this season will increase to 8 dollars and 4 cents per kilogram of milk solids.

    Fonterra itself says it expects to pay farmers between 7 dollars 25 and 8 dollars 75 per kilogram of milk solids - ahead of its 7 dollars 54 last season.

    NZX Head of Insight Julia Jones says anything's possible in the market at the moment.

    She says given all the variables they believe 8.04 is a sensible price to forecast.

    © 2024 Newstalk ZB, NZCity

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