$8.00/kg milk price just 'a matter of time'

$8.00/kg milk price just 'a matter of time'

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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[13 January, Jamie Gray, The Country]

ASB Senior Rural Economist Nathan Penny reports that it is merely a matter of time until the New Zealand milk price hits $8.00 per kg of milk solids. Fonterra Co-operative Group’s current milk price forecast is for between $7.00 to $7.60 a kg. DairyNZ’s current break even estimate is $5.95/kg. Mr Penny reports that if New Zealand farmers are able to incorporate environmental costs well into their budgets then this will be a large advantage for them. Increased environmental constraints are happening globally.

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