Free Trial

Fonterra Lowers FY23 Milk Price

NZD

Fonterra has lowered FY23 forecast farmgate milk prices to NZ$8.00-8.60/kg down from NZ$8.20-8.80/kg, link here.

  • The midpoint of the price range has been reduced by 20 cents.
  • Fonterra CEO noted that the change reflects demand from China has not returned to expected levels and that skim milk powder stocks are increasing as the Northern Hemisphere enter into their spring flush.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.