John Stevenson: Fonterra Co-operative council chair on dairy prices increasing, Fonterra predicting record high farmgate milk price midpoints

The dairy sector's upbeat heading into the new year.  Dairy prices are up 1.4% at the latest Global Dairy Trade auction, while Fonterra's still predicting farmgate milk prices to reach a record $10.50 midpoint this year.  New Zealand's milk production in 2024 was also the highest in five years.  Fonterra co-operative council chair, John Stevenson told Ryan Bridge it's looking really positive from an on-farm perspective.  He says supplementary feed supplies, silage, and crops have had a good start to summer.  LISTEN ABOVE See omnystudio.com/listener for privacy information.