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15 Feb 2025 10:52
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  •   Home > News > Rural

    Fonterra remains wary about the state of the global dairy market

    Fonterra remains wary about the state of the global dairy market


    Fonterra
    Fonterra
    It's providing a broad range for its forecast Farmgate Milk Price this coming season, over ongoing uncertainty on Chinese demand and global conditions.

    Its midpoint of 8-dollars is about 50 cents lower than futures markets and banks had expected.

    Fonterra Chief Executive Miles Hurrell says they want to temper expectations now, rather than cut forecasts down the track, as happened last year.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     06 Feb: KiwiRail and Fonterra are celebrating a full return of rail volume to Northland
     29 Jan: Fonterra is investing 150 million-dollars in electrification over the next 18 months
     15 Jan: Good news for dairy farmers - not so good for everyone else
     16 Dec: An early Christmas present for sheep farmers, with rising export prices for lamb
     05 Dec: Fonterra has raised the midpoint of its forecast Farmgate Milk Price, by 50 cents, to 10 dollars
     20 Nov: Dairy prices have risen another 1.9 percent at this morning's Global Dairy Trade auction
     12 Nov: Another global dairy giant could take over some of Fonterra's most well-known brands
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