NZD traders – Fonterra revises 2021/22 forecast to lower Farmgate milk price range


Dairy is New Zealand’s number one export.

Fonterra has revised its farm gate milk price range for 2021/22 to $9.10 – $9.50 per kgDM

  • from $9.30 to $9.90 per kgDM

Citing:

  • a number of recent events that have had short-term impacts on global demand for dairy products
  • in particular, the lockdowns in China due to COVID-19, the economic crisis in Sri Lanka and the Russian-Ukrainian conflict

This reduces the midpoint of the range, which farmers are paid, from $9.60 per kgDM to $9.30 per kgDM.

At the margin a negative entry for the kiwi $


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