Fonterra has reduced its farmgate milk price (FGMP) forecast for the 2014/15 to NZ$ 6.00 (US$ 5.11, $ 3.80) per
kg of milk solids (kgMs), citing «continuing volatility.»
Northland dairy farmers supply 90 million
kg of milk solids each year to Fonterra.
If the revised milk price holds, the 35c equates to lost income of $ 647.8 million for dairy farmers throughout the country based on DairyNZ production figures of 1.85 billion
kg of milk solids collected for the 2016/17 milking season.
Fonterra's confidence in the market is so strong, it's offered a record price to New Zealand dairy farmers of $ 7 (NZ)
a kg of milk solids.
Murray Goulburn, Australia's biggest dairy co-operative, has confirmed a full - year forecast farmgate price of A$ 6 per
kg of milk solids.
Not exact matches
In 2017 - 18 Murray Goulburn opened farmgate prices at $ 4.70 a
kg for
milk solids but within two weeks it was forced to raise them to $ 5.20 in an attempt to stem the flow
of defections.
The reports stated higher component
milk is 8.5 c / kg Milk Solids or 0.6 c / liter of milk cheaper for processors to cart and han
milk is 8.5 c /
kg Milk Solids or 0.6 c / liter of milk cheaper for processors to cart and han
Milk Solids or 0.6 c / liter
of milk cheaper for processors to cart and han
milk cheaper for processors to cart and handle.
Major
milk processor Murray Goulburn has lifted its opening price for the 2017 - 18 season from $ 4.70 /
kg milk solids to $ 5.20 /
kg and increased its forecast range
of prices for the season.
Fonterra said in a statement it expects
milk collection for the 2017/2018 season to be 1,480 kilograms
of milk solids (kgMS), down from its forecast in November
of 1,525
kg MS and 4 per cent lower than the 2016/17 season.