Podcasts Other The Mike Hosking Breakfast Jacqueline Rowarth: Lincoln University adjunct professor on Fonterra lifting its Farmgate Milk Price to $7.50

Jacqueline Rowarth: Lincoln University adjunct professor on Fonterra lifting its Farmgate Milk Price to $7.50

Published: Dec. 7, 2023, 7:13 p.m.

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Best efforts are being made in the dairy sector.\\xa0

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Fonterra\'s lifted its Farmgate Milk Price midpoint for the 2023/24 season by 25 cents, to $7.50 per kilogram of milksolids.\\xa0

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The company\'s had an 85% lift in profit, which bought them to $392 million in the first quarter of the financial year.\\xa0

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Lincoln University adjunct professor Jacqueline Rowarth told Mike Hosking that projections for farmers are looking promising despite a volatile market.\\xa0

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She says everyone is doing their best to indicate to farmers what the future looks like.\\xa0

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