
Fonterra boss: Stronger dairy demand lifts milk price forecast
Fonterra’s 2026/27 midpoint forecast rose 25c to $9.75 per kgMS.
Stories and analysis from The Northern Express Herald.
NZX futures pointed to a milk price above $10/kgMS for three seasons.
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Growth is being driven by 'genuine business activity' this time.
The co-op met its pre-divestment earnings target two years early.
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The co-op will invest $1b in South Island manufacturing plants.
Hurrell will continue to be rewarded from performance grants through to the year 2032.
The co-operative has lifted its milk price forecast to $9.50/kgMS for farmers.
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The GDT index fell 1.1%, with butter down 5.7% and cheddar up 16.5%.
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Kiwis chomped through 103m buns, muffins and bagels at Maccas last year.
NZX gains 1.04% after the Reserve Bank lifts OCR to 2.75% and signals fewer rate hikes.
Businesses still face new 12.5% tariffs and complex US trade rules pose challenges.
Fonterra expects FY26 underlying earnings at the top of its 60-70c range.
Mortgage and farm debt trends are improving, while small firms struggle.
Climate activist describes Parliament's decision as a 'dark day for democracy'.
Chief executive David Bortolussi says growth potential remains from 2028.
Synlait shares rose after reports linked A2 Milk and Fonterra to a ‘take-private’ deal.
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Open Country Dairy is taking on Fonterra as dairy market rules face review. Are they unnecessary red tape or vital protections for farmers?