Fonterra have announced its forecast full year farmgate milk price range for the 2017/18 season, six weeks before the start of the season.
Fonterra Australia’s managing director René Dedoncker said the business is in a stronger position, which underpinned its competitive forecast full year range of $5.30 to $5.70 per kilogram of milk solids (kgMS).
‘‘Providing Fonterra’s forecast full year price range now is aimed at giving our farmers guidance so that they can plan for next season with confidence,’’ Mr Dedoncker said.
Fonterra has also announced that it will pay its Australian suppliers an additional payment of 40 cents per kgMS next season, bringing its forecast full year milk price range to $5.70 to $6.10 per kgMS.
Fonterra’s opening price for season 2017/18 will be announced closer to the beginning of the season.