NZ's Fonterra lowers annual milk forecast for upcoming season
17/12/2025 19:43
Dec 18 (Reuters) - New Zealand dairy giant Fonterra Co-operative Group FCG.NZ on Thursday marginally lowered its milk price forecast for the 2025/2026 season. The dairy producer cut the annual forecast for farmgate milk price — the price it pays to farmers for milk — to NZ$8.50-NZ$9.50 per kilogram of milk solids (kgMS) from prior expectations of NZ$9.00-NZ$10.00. (Reporting by Nichiket Sunil in Bengaluru) ((Nichiket.Sunil@thomsonreuters.com))
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