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flag Fonterra lowers 2025/26 milk price forecast to $9.00–$10.00/kgMS amid global price declines.

flag Fonterra has revised its 2025/26 farmgate milk price forecast to a range of $9.00 to $10.00 per kgMS, with a midpoint of $9.50, down from the previous $9.00 to $11.00 range. flag The adjustment follows seven consecutive declines in Global Dairy Trade auction prices, driven by strong global milk production. flag The co-op also raised its milk collection forecast to 1,545 million kgMS. flag CEO Miles Hurrell cited ongoing downward pressure on prices but emphasized efforts to maximize returns through strategic management and risk mitigation.

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