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Forecast Milk Price Drop a Tough Pill for Farmers to Swallow
30 April 2015
Forecast Milk Price Drop a Tough Pill
for Farmers to Swallow
Fonterra Shareholders’ Council Chairman, Ian Brown said Farmers will be disappointed with Fonterra’s latest revision to this season’s forecast Farmgate Milk Price, which has reduced from $4.70 per kg/MS to $4.50 per kg/MS.
Ian Brown: “While recent results on GlobalDairyTrade have signaled this possibility it is still a difficult pill for Farmers to swallow.
“It demonstrates that, as with other industries in New Zealand, Fonterra and its Farmers are subject to the volatility of the global economy.
“Moving forward Farmers will be looking to their Co-op to drive value from the milk they produce and take advantage where possible of the low Milk Price environment we are experiencing.
“It’s a given that Farmers need to continue be especially prudent with their financial planning and focus on getting their farm businesses in the best possible shape for next season.”
ENDS
ABOUT THE FONTERRA SHAREHOLDERS’ COUNCIL
The Fonterra Shareholders’
Council represents the interests of Fonterra Farmers to the
Board of the Co-operative and plays an active role in
monitoring and assessing the governance and performance of
Fonterra. There are 35 Councillors who are all Shareholders
elected by their fellow Farmers in wards across New
Zealand.
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