EPISODE · Aug 3, 2023 · 8 MIN
Jamie McKay: The Country host says Fonterra's reduced forecast Farmgate Milk Price could be make-or-break for farmers
from Best of Business · host Newstalk ZB
Bleak news has come for dairy farmers this morning. Fonterra has drastically reduced its forecast Farmgate Milk Price for the current season due to ongoing reduced demand from China. The midpoint has plummeted from $8/kg of milk solids, to just $7. Fonterra boss Miles Hurrell is blaming a recent 12 percent drop in the price of whole milk powder, due to much lower than expected demand from China. The Country host Jamie McKay says this will be make-or-break for many farmers. Jamie McKay joined Kerre Woodham Mornings. LISTEN ABOVESee omnystudio.com/listener for privacy information.
NOW PLAYING
Jamie McKay: The Country host says Fonterra's reduced forecast Farmgate Milk Price could be make-or-break for farmers
No transcript for this episode yet
Similar Episodes
Mar 19, 2026 ·34m
Feb 18, 2026 ·11m
Feb 11, 2026 ·45m
Nov 12, 2025 ·35m
Oct 17, 2025 ·40m