Find out how Fonterra’s milk price hike benefits you. Ready to boost profits this season?
Summary: Fonterra’s recent milk price hike signals a promising season for dairy farmers, increasing to $8.50 per kilogram of fat and protein. This move, driven by a robust dairy market, reflects confidence in continued market growth. The previous season concluded with a steady price of $7.80 per kilogram, and Fonterra’s CEO indicates a likely dividend increase. The final milk price and annual financials will be unveiled in September, with positive outcomes anticipated.
- Milk price forecast for the 2024/25 season raised to $8.50 per kilogram of fat and protein.
- Increase driven by strong dairy market and Global Dairy Trade performance.
- The previous season’s milk price remains at $7.80 per kilogram.
- CEO Miles Hurrel expects dividends at the upper range of 0.60 to 0.70 per kilogram of fat and protein.
- Final milk price and annual financial results will be announced in September, with expected positive outcomes.
Fonterra has just boosted its milk price to $8.50 per kilogram of fat and protein for the 2024/25 season, a $0.50 rise driven by a thriving dairy market reflected in the growing Global Dairy Trade index. CEO Miles Hurrel welcomes the excellent result but cautions that the season has just started. Will you take advantage of this fortunate change in the dairy market? Consider your strategy for the season and how to take advantage of the current market circumstances.
You may be asking why the dairy industry is so robust right now. Several reasons contribute to this rise, including global demand and favorable trading circumstances. The Global Dairy Trade Index has risen, and analysts feel the market has not yet peaked.
So, how can you profit from this thriving market? Higher milk prices result in more income for your farm. This might be an excellent opportunity to invest in new equipment, expand operations, or pay off debt. What are your plans for the additional money?
While the prognosis is bright, approach with care. The season has only begun, and market circumstances may change. Monitor market movements and be ready to change your strategy as needed.
To provide some perspective, the predicted price for the 2023/24 season, which concluded in June, was $7.80 per kilogram of fat and protein. According to Fonterra CEO Miles Hurrell, member dairy producers should anticipate a payout of $0.60-$0.70 per kilogram of fat and protein.
CEO Miles Hurrel provided some insight into the anticipated milk price announcement. According to Hurrel, the final milk price for the 2023/24 season will be announced in September, along with the yearly data for fiscal year 2024. He suggested a good result, noting outstanding performance as a critical component.
In conclusion, Fonterra’s milk price increase represents an excellent opportunity for dairy producers. While the market seems bright, being informed and making intelligent judgments are critical. What will you do to profit from this enormous market? The ball is in your court.
Learn more:
- Australia’s Dairy Farmers Struggle as Major Processors Slash Milk Prices by 15%
- Stagnation in Opening Milk Prices: Challenges and Insights from Australian Dairy Industry
- Big Milk Checks and Low Feed Costs: A Profitable Summer for Dairy Producers
