Fonterra has today revised its forecast Farmgate Milk Price midpoint for the 2026/27 season and narrowed its forecast range, reflecting recent improvements in global dairy commodity prices "while retaining a prudent approach to the season ahead".
The new forecast midpoint has lifted from $9.25 per kgMS to $9.50 per kgMS, with the forecast range lifted and narrowed from $8.00 - $10.50 per kgMS to $8.50 - $10.50 per kgMS.

You can compare these payout levels with the other dairy companies, here.
Fonterra's 2025/26 season final payout amount will be confirmed on Thursday, September 24, 2026 with the release of its Annual Report.
We welcome your comments below. If you are not already registered, please register to comment
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.