Jacqueline Rowarth: Lincoln University adjunct professor on Fonterra lifting its Farmgate Milk Price to $7.50
Best efforts are being made in the dairy sector. Fonterra's lifted its Farmgate Milk Price midpoint for the 2023/24 season by 25 cents, to $7.50 per kilogram of milksolids. The company's had an 85% lift in profit, which bought them to $392 million in the first quarter of the financial year. Lincoln University adjunct professor Jacqueline Rowarth told Mike Hosking that projections for farmers are looking promising despite a volatile market. She says everyone is doing their best to indicate to farmers what the future looks like. LISTEN ABOVE See omnystudio.com/listener for privacy information.