Supply And Demand

Fonterra is hiking its milk price by 25 cents per kgMS.

Fonterra hikes farmgate milk price by 25 cents

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has announced an increased forecast Farmgate Milk Price for the upcoming 2018 season, to NZ$6.75 (US$5.09) per kilogram of milksolids (kgMS).

A stable domestic market is helping buffer declining world prices, says Dairy Australia analyst John Droppert. Photo: iStock - shaoleung

Dairy Australia predicts challenging times

By Jim Cornall

Decreasing global dairy prices, dry conditions and high input costs are tightening margins for Australia’s dairy farmers, and reducing national milk production, according to the latest Situation and Outlook report from Dairy Australia.