date:Feb 07, 2021
.30 (US$5.25) per kgMS. The midpoint of the range, which farmers are paid off, has increased to NZ$7.20 (US$5.18) per kgMS. Fonterra CEO Miles Hurrell says the lift in the 2020/21 forecast Farmgate Milk Price range results from strong demand for dairy, which is demonstrated by the continued increase in Global Dairy Trade (GDT) prices since the co-op last revised its milk price at the beginning of last December.