Archive: Fonterra milk price review expected as New Zealand processors cut forecasts

Published 27 November 14

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Fonterra is currently holding its 2014-15 forecast milk price at $5.30/kgMS (kilos of milk solids), despite the recent fall in GDT price. However, the processor is expected to revise this on 9 December. In the last month several other New Zealand processors have cut their predicted prices, with Westland reducing by 40 cents to a range of $5.00-5.40/kgMS, Open Country predicting $4.70-4.90/kgMS and Synlait now at $5.00/kgMS.