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Jamie Mackay: The Country host on Fonterra increasing their farmgate milk price forecast following strong opening result

EPISODE · Dec 7, 2023 · 3 MIN

Jamie Mackay: The Country host on Fonterra increasing their farmgate milk price forecast following strong opening result

from Best of Business · host Newstalk ZB

Fonterra has upgraded its milk price forecast and raised their full-year earnings forecast following an 85 percent lift in their first-quarter profit. The forecast farmgate milk price midpoint for the 2023/24 season is up 25 cents to $7.50 per kgMS, and the forecast range has moved to $7.00-$8.00 per kgMS. The Country's Jamie Mackay says these predictions were boosted by a strong GDT result. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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Jamie Mackay: The Country host on Fonterra increasing their farmgate milk price forecast following strong opening result

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