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10 Aug 2022 14:49
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  •   Home > News > Rural

    Fonterra has lifted its Farmgate Milk Price to a new record high

    Fonterra has lifted its Farmgate Milk Price to a new record high


    Fonterra
    Fonterra
    The range has risen 50 cents, to between 8-dollars-75 and 10-dollars-25 per kilogram of milk solids.

    The new midpoint is 9-dollars-50.

    Chief Executive Miles Hurrell says the lift reflects the milk supply and demand picture, and the current strong US Dollar.

    The co-op has also announced new earnings guidance of 30 to 45 cents per share.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
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     08 Jun: Fonterra has announced a 50-million dollar share buyback
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
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