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Fonterra has announced an opening farmgate milk price for the new 2024-2025 season of $7.25-$8.75kg milksolids with a midpoint of $8 as supply and demand d
Fonterra Co-operative Group has warned of "uncertainty" and an ongoing risk of "volatility" in global markets, as it announced its opening forecast
The New Zealand co-operative reported increased milk sales and after-tax profits, but expectations for next season remain in the balance.
The forecast range represents a 'cautious approach', given an ongoing risk of volatility in global markets, the co-operative says.
Business leaders believe that New Zealand should protect its international image to achieve its trade goals.