Dairy industry payout history

This is a table of the New Zealand dairy payouts by each company.

The dairy season runs from August to April with May to July the 'dry off' period.

The seasonal milk peak flow is usually in late October.

Most farms milk twice daily, although there is a growing trend to once-a-day milking where output is slightly lower, but costs are reported to be significantly lower.

Milk flows are charted here.

Analysts' forecasts are at the bottom of this page.

Please email us with any additions or corrections.

  Fonterra Tatua Westland Synlait Open
Country
Miraka Oceania
Dairy
*
$/kgMS Milk  Dividend   Total   Retention  Milk Retention   Milk   Retention Milk Milk Base Milk
  $ $ $ $ $ $ $ % $ $ $ $
1998-99     3.58                  
1999-00     3.78                  
2000-01     5.01                  
2001-02     5.35                  
2002-03 3.34 0.29 3.63                  
2003-04 3.97 0.28 4.25                  
2004-05 4.37 0.22 4.59                  
2005-06 3.85 0.25 4.10                  
2006-07 3.87 0.59 4.46 -0.00     4.72          
2007-08 7.59 0.07 7.66 -0.24 8.00   7.99          
2008-09 4.75 0.45 5.20 -0.01 5.38   4.58   5.03      
2009-10 6.10 0.27 6.37 -0.33 6.32   6.15   6.31 6.07    
2010-11 7.60 0.30 7.90 -0.25 8.10 -0.58 7.70 -0.30 7.76 7.56    
2011-12 6.08 0.32 6.40 -0.10 7.50 -0.54 6.04 -0.10 6.22   6.18  
2012-13 5.84 0.32 6.16 -0.14 7.40 -1.17 6.34 -0.10 5.89   5.94  
2013-14 8.40 0.10 8.50 -0.00 9.00 -1.32 7.57 -0.30 8.31 8.50 8.50 8.75
2014-15 4.40 0.25 4.65 -0.04 7.10 -0.63 4.95 -0.10 4.54 4.61 4.50 4.50
2015-16 3.90 0.40 4.30 -0.11 6.41 -0.11 3.62 +0.26 4.02 3.85-4.00 4.00 4.50
2016-17 6.12 0.40 6.52   6.00-6.50   5.30-5.70 -0.20 6.29 5.60-5.90 5.80-6.00 5.60*
2017-18 6.75 0.45-0.55 7.20-7.30       6.40-6.80   6.50      
            * Oceania pay the average Fonterra rate over three years, plus 10c. (see Contract clause 5.2)

 

For more farm-gate prices, see

- lamb
beef
deer
velvet

for more perspectives, see

Exchange rates
Commodity prices
Farm cost indexes
Interest rate trends
Rural credit aggregates
- Farms for sale
Farm sales prices and activity
International dairy prices

World dairy map - 2016 - Rabobank

Forecasts

Here is a summary of analysts' farmgate milk price forecasts for the current season (2016/17).

Institution Rural economist/source Forecast $kgMS 2017/18 when issued/latest data
       
ANZ Con Williams $6.75 30-Jun-17
ASB Nathan Penny $6.75 30-Aug-17
BNZ Craig Ebert    
Kiwibank Zoe Wallis    
Westpac Anne Boniface $6.50 6-Sep-17
       
NZX AgriHQ Susan Kilsby $6.65 7-Sep-17
NZX AgriHQ Snapshot calculator price
based on GDT auction
$6.49 5-Sep-17