The forecasted and final Farmgate Milk Price for 2011 and 2012.
| 2013 Season | Farmgate Milk Price | Press releases |
|---|---|---|
| Forecast update, 10 December 2012 | $5.50 | Fonterra Lifts 2013 Forecast Payout |
| Forecast Update, 28 August 2012 | $5.25 | Fonterra revises 2013 Payout Forecast |
| Opening forecast, 22 May 2012 | $5.50 | Forecast Payouts for 2011-12 and 2012-13 |
| Fonterra Confirms Farmgate Milk Price 2012/2013 Season | $5.90 - $6.00 | FONTERRA CONFIRMS FARMGATE MILK PRICE |
| 2012 Season | Farmgate Milk Price | Press releases |
|---|---|---|
| Actual Payout for 2012 Season 26 September 2012 | $6.08 | Fonterra Announces 2012 Financial Results |
| Forecast update, 22 May 2012 | $6.05 | Forecast Payouts for 2011-12 and 2012-13 |
| Forecast Update, 12 March 2012 | $6.35 | Fonterra Revises 2012 Payout Forecast |
| Forecast Update 13 Dec 2011 | $6.50 | Fonterra raises 2012 payout forecast range by 20 cents |
| Forecast update, 2 Sep 2011 | $6.75 | Fonterra holds 2011/12 Milk Price and Profit forecasts |
| Opening forecast, 24 May 2011 | $6.75 | Fonterra Forecast Payouts For 2010/11 And 2011/12 |
Fonterra currently collects around 90 per cent of New Zealand's milk production. Because Fonterra purchases such a large proportion of New Zealand's total milk, there isn't a 'market price' for milk that is independent of the price paid by Fonterra.
As a result, since its formation in 2001, Fonterra has calculated a Farmgate Milk Price. This enables total returns to be allocated between payments for milk and returns on the share capital invested by farmer shareholders in the Co-operative.
