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Fonterra may have to look at increasing its milk price forecast for farmers as global dairy prices continue to climb
It's the kind of price pressure farmers like to see - and it could lead to some good news fairly soon if things keep going the way they are. Continuing rises in global dairy prices have got economists recalculating their picks of what Fonterra might pay its farmers for milk in the current season - and at the moment it's onwards and upwards. At the moment Fonterra's milk price forecast range (updated in December) for the June 2020 to May 2021 is between $6.70 and $7.30 per kilogram of milk solids - remembering that the actual final price for the 2019-20 season was $7.14. Fonterra's first cut at a forecast for the ... (full story)