Economists forecast farmgate milk prices to increase this season

Author
Newstalk ZB,
Publish Date
Thu, 7 Oct 2021, 7:45AM
(Photo / Getty Images)
(Photo / Getty Images)

Economists forecast farmgate milk prices to increase this season

Author
Newstalk ZB,
Publish Date
Thu, 7 Oct 2021, 7:45AM

Some good news could be on the way for dairy farmers 

Economists are forecasting farmgate milk prices this season will increase to 8 dollars and 4 cents per kilogram of milk solids. 

Fonterra itself says it expects to pay farmers between 7 dollars 25 and 8 dollars 75  per kilogram of milk solids - ahead of its 7 dollars 54 last season. 

NZX Head of Insight Julia Jones told Mike Yardley anything's possible in the market at the moment. 

"The market's stable, we've got some good things happening and at the moment we're seeing 8.04 as a really sensible price to be forecasting." 

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