New Zealand's Fonterra narrows annual milk forecast for upcoming season

Fonterra-operative

24/11/2025 19:45

Nov 25 (Reuters) - New Zealand's Fonterra Co-operative Group FCG.NZ on Tuesday narrowed the top end of its milk price forecast for the 2025/2026 season, citing downward pressure on global commodity prices as milk supply remains resilient.

The dairy producer narrowed the annual forecast for farmgate milk price — the price it pays to farmers for milk — to NZ$9 to NZ$10 per kilogram of milk solids (kgMS), from prior expectations of NZ$9 to NZ$11 per kgMS.

 (Reporting by Nikita Maria Jino in Bengaluru; Editing by Alan Barona)

 ((Nikita.Jino@thomsonreuters.com;))