NZ dairy farmers receive milk price boost

The co-op also boosted its 2017/18 farmgate milk price forecast by 20 cents (10.3 pence) to NZ$6.75 (£3.49) a kgMS.

Chairman John Wilson said the strong 2018/19 opening milk price will be welcome news for farmers as they look ahead to the new season.

“What we are seeing is a continued positive global supply and demand picture,” he says.

“Demand is expected to remain strong – especially from China. We are expecting the global dairy market’s current prices, especially for fats, to continue throughout the new season.”

Fonterra is also forecasting New Zealand 2018/19 milk collections to be 1,525 million kgMS, a 1.5-per-cent increase on its forecast for the current season, and expects to see a lift in supply from the European Union, United States, Australia and Argentina.

Wilson says the 2017/18 price forecast increase reflects a global supply and demand picture that continues to be positive for farmers.

“Global dairy prices have risen since the start of the season,” he says

By: Terri Dougan

Source: FarmWeek


Any claim arising from the information contained on the eDairy News website shall be submitted to the competence of the ordinary courts of the First Judicial District of the Province of Cordoba (Primera Circunscripción Judicial de la Provincia de Cordoba), Republic of Argentina, in the city of Córdoba, excluding any other jurisdiction (Federal jurisdiction is also excluded).


Criteria in the moderation of comments that eDairy News will take into consideration in all its publications.

  • They will not be considered insults of any kind against anyone,, whether a user, moderator or publisher. Complaints made with the name and surname of the author of the commentary will only be accepted after confirmation by the moderator.
  • Unsubstantiated and gratuitous destructive criticism or expressions of bad taste, whether offensive, racist or xenophobic.
  • SPAM, (Insert links to web pages not related to the subject, provide emails, etc...)
  • Comments that are meaningless with the footnote or the dairy sector.

Related posts