Fonterra Co-operative Group Limited

09/20/2026 | Press release | Distributed by Public on 09/20/2026 14:39

Fonterra revises forecast 2026/27 Farmgate Milk Price

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Fonterra revises forecast 2026/27 Farmgate Milk Price

September 21, 2026

2 MINUTE READ

Fonterra Co-operative Group Ltd has today revised its forecast Farmgate Milk Price midpoint for the 2026/27 season and narrowed its forecast range, reflecting recent improvements in global dairy commodity prices while retaining a prudent approach to the season ahead.

The new forecast midpoint has lifted from $9.25 per kgMS to $9.50 per kgMS, with the forecast range lifted and narrowed from $8.00 - $10.50 per kgMS to $8.50 - $10.50 per kgMS.

CEO Richard Allen says the increase in the forecast milk price midpoint is supported by recent improvements in global commodity prices.

"Since our last update in July, Global Dairy Trade auction results for key commodity products, particularly whole milk powder and skim milk powder, have improved. Globally, we continue to see strength in demand.

"This improving outlook reflects continued delivery from our focused execution across our B2B businesses. Geopolitical volatility remains and, with only two months complete, previous seasons tell us that things can always change," says Mr Allen.

For further information contact:
Fonterra Communications
Phone: +64 21 507 072

Fonterra Co-operative Group Limited published this content on September 20, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 20, 2026 at 20:39 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]