NZ's Fonterra lifts lower end of annual milk price forecast on improved prices
20/09/2026 21:43
NZ's Fonterra lifts lower end of annual milk price forecast on improved prices Sept 21 (Reuters) - New Zealand dairy company Fonterra FCG.NZ on Monday raised the lower end of its milk price forecast for the 2026/27 season, citing improvements in global commodity prices.
The dairy producer narrowed the annual forecast for farmgate milk price — the price it pays to farmers for milk — to NZ$8.50 to NZ$10.50 per kilogram of milk solids (kgMS) from prior expectations of NZ$8.00 to NZ$10.50 per kgMS.
(Reporting by Nichiket Sunil in Bengaluru)
Recent news on Fonterra-operative
See all newsBrief: Fonterra Says Chief Financial Officer Andrew Murray Resigns
New Zealand's Fonterra CFO Andrew Murray resigns, to leave company at end-2026 (updated)
New Zealand's Fonterra CFO Andrew Murray resigns, to leave at end-2026
NZ's Fonterra rises to over 13-year high as annual profit more than doubles
New Zealand's Fonterra rises to over 5-month high on strong annual results