Markets & trends

Synlait said its forecast relies on pricing remaining robust throughout the season. Pic: ©Getty Images/pavlinec

Synlait sets 2019/20 forecast milk price

By Jim Cornall

New Zealand dairy company Synlait Milk has set its opening forecast base milk price for the upcoming 2019/2020 season at NZ$7.00 kgMS (US$4.58).

Fonterra's Fixed Base Milk Price is a risk management tool that lets farmers lock in a set price for up to 70% of the season’s milk before it starts. Pic: ©Getty Images/petej

Fonterra announces fixed base milk price for 2019/20

By Jim Cornall

Fonterra farmers in Australia participating in the company’s Fixed Base Milk Price will be paid a guaranteed price of A$6.80 (US$4.74) per kilogram of milk solids (kgMS) for a portion of their milk for the 2019/20 season.

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