NZ's Fonterra trims top end of annual milk price forecast on weak demand
12/07/2026 21:57
NZ's Fonterra trims top end of annual milk price forecast on weak demand July 13 (Reuters) - New Zealand dairy giant Fonterra FCG.NZ on Monday trimmed the top end of its milk price forecast for the 2026/27 season as softer-than-expected demand and robust global supply drag down prices.
The dairy producer cut the annual forecast for farmgate milk price — the price it pays to farmers for milk — to NZ$8.00 to NZ$10.50 per kilogram of milk solids (kgMS) from NZ$8.00 to NZ$11.00 per kgMS.
(Reporting by Jasmeen Ara Shaikh in Bengaluru; Editing by Nia Williams)
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