# Fonterra 'runs the numbers' after dairy auction price spike - NZ Herald

> Fonterra CEO Miles Hurrell said the co-op is running the numbers on its forecast farmgate milk price after the Global Dairy Trade spike. He said the rise has a New Zealand angle because milk fat prices rose sharply too. Recent NZ dollar strength affects the 2021-22 season more than the current one.

- Date: 2021-03-03 · published 2021-03-03T12:00:00.000Z
- Category: market · region New Zealand · magnitude medium
- Page: https://feedsoft.ai/events/7533-fonterra-runs-the-numbers-after-dairy-auction-price-spike-nz-herald
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A higher Global Dairy Trade result is likely to lift Fonterra's farmgate milk price forecasts, which in turn support dairy farm incomes. NZ dollar strength is a partial offset for next season's payouts.

## Read by commodity

- MILK: bullish ▲

## Sources

- nzherald.co.nz: https://www.nzherald.co.nz/business/fonterra-runs-the-numbers-after-dairy-auction-price-spike/YQX5U5I4OOB3I54EQWT7YZUGEM/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.