Scoop has an Ethical Paywall
Licence needed for work use Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

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.

Advertisement - scroll to continue reading

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.