34ppl all time record New Zealand farmgate milk price forecast
Posted on: 03/12/21
Fonterra has revised its forecast milk price again and the latest means an all-time midpoint forecast Farmgate milk price of 33.82ppl paid on all litres delivered in this current milk year!
The forecast is a low of 32.65ppl ($8.40)
high of 34.99ppl ($9.00)
midpoint of 33.82ppl ($8.70)
This smashes the 2013/14 season record payout of $8.40 per kg of milk solids.
The basics behind the increase are well documented in terms of “It’s the result of consistent strong demand for dairy at a time of constrained global supply”