Richard McIntyre: Federated Farmers Dairy Chair on the fall of Fonterra's Farmgate Milk Price
Heather du Plessis-Allan Drive · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Farmers were trudging around a little deeper in the mud today after a fall in Fonterra's expected payout to dairy farmers.
Fonterra has drastically cut its forecast Farmgate Milk Price, with the midpoint falling from eight-dollars-per-kilogram of milk solids to just seven-dollars.
It's blaming reduced demand for whole milk powder from China.
Federated Farmers Dairy Chair Richard McIntyre told Heather du Plessis-Allan that it’s a challenging time for farmers.
He says they've got high interest rates, high input costs, and now a milk price well below the breakeven price.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.