# Fonterra lifts its 2026/27 forecast farmgate milk price

> Fonterra raised the midpoint of its 2026/27 forecast farmgate milk price from NZD 9.50 to NZD 9.75 per kgMS and narrowed the range to NZD 9.00–10.50. The move follows rises of about 5% in whole milk powder and 7% in skim milk powder prices over the last two Global Dairy Trade auctions. Demand from Southeast Asia, the Middle East, Africa and China is cited as the driver.

- Date: 2026-11-04 · published 2026-11-04T15:07:38.815Z
- Category: trade · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/79886-fonterra-lifts-its-2026-27-forecast-farmgate-milk-price
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Stronger powder demand from Asia and the Middle East supports global milk prices and raises the outlook for New Zealand farmgate returns. Higher milk powder values also support the milk complex more broadly.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-02-28 | [Exports make dairy price forecast good - Brownfield Ag News](https://feedsoft.ai/events/5040-exports-make-dairy-price-forecast-good-brownfield-ag-news.md) | -5.8% | -6.2% |
| MILK | 2016-08-02 | [Milk prices lift as dairy commodity markets rally](https://feedsoft.ai/events/6034-milk-prices-lift-as-dairy-commodity-markets-rally.md) | +12.3% | +10.9% |
| MILK | 2018-12-31 | [Higher milk prices expected in 2019](https://feedsoft.ai/events/7672-higher-milk-prices-expected-in-2019.md) | +2.2% | +1.1% |
| MILK | 2024-04-03 | [GDT bounce-back underpins milk price](https://feedsoft.ai/events/6736-gdt-bounce-back-underpins-milk-price.md) | -4.7% | -5.0% |
| MILK | 2019-01-04 | [Analyst: Uncertainty dominates milk price outlook \| Capital Press](https://feedsoft.ai/events/7671-analyst-uncertainty-dominates-milk-price-outlook-capital-press.md) | -1.7% | -2.0% |

## Sources

- uadairy.org: https://uadairy.org/en/fonterra-lifts-its-2026-27-forecast-farmgate-milk-price/

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