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Fonterra raised its 2026/27 farmgate milk price forecast midpoint from NZ$9.50 to NZ$9.75 per kgMS and narrowed the range to NZ$9.00-$10.50. The co-op cited firmer whole milk powder and skim milk powder prices at Global Dairy Trade, driven by steady demand from Southeast Asia, the Middle East, Africa and China.
Stronger global dairy powder prices support dairy-derived feed and milk price levels, though the effect on grain and oilseed feed prices is limited. Milk price strength can marginally support dairy-cow feed demand.
agriland.ieAisling O'BrienNov 2, 2026
dairyreporter.com19-Oct-2026Nov 2, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
