Fonterra plant NZ© Chameleons Eye/Rex/Shutterstock
New Zealand mega co-op Fonterra has increased its forecast for the price it will pay farmer members by the equivalent of 2.1p to 20.1p/litre. Forecasted share earnings for the 2017 financial year will raise the projected 2016-17 farmgate price further to 22.1p/litre. The move by the dairy giant is the latest in a line of indicators pointing towards a worldwide dairy market recovery.  The payout of New Zealand $4.75/kg of milk solids is a 50-cent increase on bleaker projections from […]
This article is for registered users.
To continue reading register for free...
Register for free with Farmers Weekly

Register for free to read this article, and for access to:

  • Exclusive news
  • Insight and opinion
  • Market and farming trends
Register

Already registered? Sign in.

...or to get unlimited access to FWI.co.uk