You are using an older browser version. Please use a supported version for the best MSN experience.

Fonterra raises farm gate milk price

AAP logoAAP 17/11/2016

Dairy giant Fonterra has increased its forecast farm gate milk price by NZ75 cents to $NZ6.00 per kilogram of milk solids for 2016/17.

Chairman John Wilson said the increase follows improvements in pricing since September after the progressive rebalancing of global supply and demand.

Fonterra - which processes more than a sixth of Australia's annual milk production - also reported a six per cent rise in first quarter revenue to $NZ3.8 billion ($A3.6 billion) from the same period a year earlier.

image beaconimage beaconimage beacon