# Fonterra lifts milk price, Ukraine’s impact on costs - Food & Agribusiness

> Fonterra raised its 2021-2022 farmgate milk price forecast to NZ$9.30-9.90 per kg milk solids, up 40 NZ cents at the midpoint. The co-op cited higher GDT whole milk and skim milk powder prices and lower milk collection forecasts in New Zealand.

- Date: 2022-03-03 · published 2022-03-03T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8434-fonterra-lifts-milk-price-ukraine-s-impact-on-costs-food-and-agribusiness
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A higher farmgate forecast reflects firm global dairy demand and constrained milk supply, supporting dairy product prices; higher feed costs from the Russia-Ukraine tensions add cost pressure to dairy producers.

## Read by commodity

- CORN: bullish ▲
- MILK: bullish ▲

## Sources

- foodagribusiness.world: https://www.foodagribusiness.world/dairy/fonterra-lifts-milk-price-ukraines-impact-on-costs

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