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Promising projections in the dairy industry despite volatile markets

Author
Newstalk ZB,
Publish Date
Fri, 8 Dec 2023, 8:12am
(Photo / Getty)
(Photo / Getty)

Promising projections in the dairy industry despite volatile markets

Author
Newstalk ZB,
Publish Date
Fri, 8 Dec 2023, 8:12am

Best efforts are being made in the dairy sector. 

Fonterra's lifted its Farmgate Milk Price midpoint for the 2023/24 season by 25 cents, to $7.50 per kilogram of milksolids. 

The company's had an 85% lift in profit, which bought them to $392 million in the first quarter of the financial year. 

Lincoln University adjunct professor Jacqueline Rowarth told Mike Hosking that projections for farmers are looking promising despite a volatile market. 

She says everyone is doing their best to indicate to farmers what the future looks like. 

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