Jamie Mackay: host of The Country on Fonterra issuing $8.00/kg milk price for 2024 and lifting Q3 profit
Fonterra has announced an opening 2023/24 season farmgate milk price forecast of $7.25 to $8.75 per kg.
The co-op also reported an increase in its third quarter net profit to $1.326 billion, up $854 million on the same period last year.
The Country's Jamie Mackay says the $8.00 per kg midpoint price will be 'disappointing' for dairy farmers.
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