Fonterra co-op has updated its forecast 2026/2027 farmgate milk price following declining prices at recent Global Dairy Trade (GDT) auctions.
The New Zealand dairy processor said the revised forecast is $9.25 per kilograms of milk solids (kgMS), with a new range of $8.00-$10.50 per kgMS.
This is down from the opening forecast of $9.75 per kgMS announced in...