Fonterra sees 2017/18 milk price AUD 5.30-5.70 per kg

New Zealand’s dairy giant, Fonterra, is out with its latest statement on farmgate milk prices for Australian suppliers on Wednesday.

Key Points via NZ Stuff:

Forecasts full year farmgate milk price range of $5.30 to $5.70kg/MS for the 2017-2018 season

An additional payment of 40c per kgMS payable for the season would also be made, bringing the forecast full year range to $5.70 to $6.10 per kgMS.

Fonterra Australia managing director René Dedoncker noted: “We said that we would consider Murray Goulburn's recent announcements including the decision to forgive its milk supply support package. We've consulted with the Bonlac Supply Company on the best way to respond to our suppliers.”