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Fonterra lifts 2024 milk price forecast following positive GDT results

Author
Newstalk ZB,
Publish Date
Tue, 13 Feb 2024, 8:42PM
(Photo / File)
(Photo / File)

Fonterra lifts 2024 milk price forecast following positive GDT results

Author
Newstalk ZB,
Publish Date
Tue, 13 Feb 2024, 8:42PM

Fonterra has lifted their 2023-24 season forecast farmgate milk price to $7.80 per kilogram of milk solids.

Chief executive Miles Hurrell claims the 30 cent increase was inspired by a  streak of 5 strong GDT auctions.

The Country's Jamie Mackay says this is a good start, but some dairy experts believe it should be higher.

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