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4 Oct 2025 11:15
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      Home > News > Rural

    Fonterra has increased its forecast for the Farmgate Milk price for the 2024 financial year after a strong first quarter

    Fonterra has increased its forecast for the Farmgate Milk price for the 2024 financial year after a strong first quarter


    Fonterra
    Fonterra
    The predicted mid price point is up 25 cents to $7.30 per kilogram of milk solids.

    Fonterra's profit after tax is up 85 percent on this time last year, sitting at 392 million dollars.

    CEO Miles Hurrell says the forecast reflects a strengthening in demand from China and other key regions.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     29 Sep: Synlait's confirmed the sale of its loss-making factory at Pokeno to US company, Abbott
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     25 Sep: Fonterra's latest record-high milk payout may not be repeated this year
     25 Sep: Fonterra's announced a 13-percent rise in operating profit
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