Forecast and Actual Information
2023/2024 season
March 2024 - Forecast for the 2023/24 Season
December 2023 - Forecast for the 2023/24 Season
September 2023 - Forecast for the 2023/24 Season
June 2023 - Forecast for the 2023/24 Season
2022/2023 season
October 2023 – Actual for the 2022/23 Season
Section 150CA Notice
March 2023 - Forecast for the 2022/23 Season
December 2022 - Forecast for the 2022/23 Season
September 2022 - Forecast for the 2022/23 Season
June 2022 - Forecast for the 2022/23 Season
2021/2022 season
October 2022 - Actual for the 2021/22 Season
Section 150CA Notice
March 2022 - Forecast for the 2021/22 Season
December 2021 - Forecast for the 2021/22 Season
September 2021 - Forecast for the 2021/22 Season
June 2021 - Forecast for the 2021/22 Season
2020/2021 season
October 2021 - Actual for the 2020/21 Season
Section 150CA Notice
March 2021 - Forecast for the 2020/21 Season
December 2020 - Forecast for the 2020/21 Season
September 2020 - Forecast for the 2020/21 Season
June 2020 – Forecast for the 2020/21 Season
2019/2020 season
September 2020 - Actual for the 2019/20 Season
March 2020 - Forecast for the 2019/20 Season
December 2019 - Forecast for the 2019/20 Season
September 2019 - Forecast for the 2019/20 Season
June 2019 - Forecast for the 2019/20 Season
2018/2019 season
October 2019 – Actual for the 2018/19 Season
March 2019 – Forecast for the 2018/19 Season
December 2018 – Forecast for the 2018/19 Season
September 2018 – Forecast for the 2018/19 Season
June 2018 – Forecast for the 2018/19 Season
2017/2018 season
October 2018 – Actual for the 2017/18 Season
March 2018 – Forecast for the 2017/18 Season
June 2017 - Forecast for the 2017/18 Season
September 2017 – Forecast for the 2017/18 Season
December 2017 – Forecast for the 2017/18 Season
2016/2017 season
October 2017 - Actual for the 2016/17 Season
March 2017 - Forecast for the 2016/17 Season
December 2016 - Forecast for the 2016/17 Season
September 2016 - Forecast for the 2016/17 Season
June 2016 - Forecast for the 2016/17 Season
2015/2016 season
October 2016 - Actual for the 2015/16 Season
March 2016 - Forecast for the 2015/16 Season
December 2015 - Forecast for the 2015/16 Season
September 2015 - Forecast for the 2015/16 Season
June 2015 - Forecast for the 2015/16 Season
2014/2015 season
October 2015 - Actual for the 2014/15 Season
March 2015 - Forecast for the 2014/15 Season
December 2014 - Forecast for the 2014/15 Season
September 2014 - Forecast for the 2014/15 Season
June 2014 - Forecast for the 2014/15 Season
2013/2014 season
Statement Under Section 150N of the DIRA
October 2014 - Actual for the 2013/14 Season
June 2014 - Forecast for the 2013/14 Season
March 2014 - Forecast for the 2013/14 Season
December 2013 - Forecast for the 2013/14 Season
September 2013 - Forecast for the 2013/14 Season
June 2013 - Forecast for the 2013/14 Season
2012/2013 season
October 2013 - Actual for the 2012/13 Season
June 2013 - Forecast for the 2012/13 Season
March 2013 - Forecast for the 2012/13 Season
December 2012 - Forecast for the 2012/13 Season
September 2012 - Forecast for the 2012/13 Season
June 2012 - Forecast for the 2012/13 Season
2011/2012 season
October 2012 - Actual for the 2011/12 Season
March 2012 - Forecast for the 2011/12 Season
December 2011 - Forecast for the 2011/12 Season
September 2011 - Forecast for the 2011/12 Season
June 2011 - Forecast for the 2011/12 Season
Milk Price Methodology
Since the financial year ended 31 July 2009, the Farmgate Milk Price has been calculated in accordance with the Farmgate Milk Price Manual. The Farmgate Milk Price determines the amount paid for milk delivered to the farmgate by farmer shareholders.
Farmgate Milk Price Manual
It is calculated in accordance with the Farmgate Milk Price Manual as follows.
As required under the DIRA, the Commerce Commission carries out a Statutory Review of both the Milk Price Manual and the Milk Price Calculation annually. For more information about the review process and for copies of the Commerce Commission’s reports go to the Commerce Commission’s website. Read more here.
Commerce Commission
Under section 150H of the Dairy Industry Restructuring Act 2001 (as amended in July 2012) the Commission is required to review Fonterra’s Milk Price Manual for each season and make a report on the extent to which it is consistent with the purpose set out in section 150A of the Act.
To assist the Commission’s review Fonterra needs to provide the Milk Price Manual for the current season, together with recommendations of the Milk Price Panel in relation to the Setting of the Base Milk Price, notification of required changes, certification of why it meets the purpose, and supporting reasons before 1 August each year. The Commission is required to make its final report by 15 December each year.
Under s150JA of the Act, Fonterra is required to make all “non-sensitive” information requested by or provided to the Commerce Commission in relation to its review of Fonterra’s Milk Price Manual publicly accessible.
Under Section 150O of the Act (as amended July 2012) the Commission must review Fonterra's calculation of the base milk price for each season and report on the extent to which it is consistent with the purpose set out in section 150A of the Act.
To assist the Commission's review Fonterra must provide (by 1 July in each year) the assumptions adopted and the inputs and processes used by Fonterra in calculating the base milk price for the preceding season. They must also provide certification (including reasons) that the assumptions inputs and processes are consistent with the purpose set out in section 150A of the Act. The Commission is required to make its final report by 15 September each year.
Under s150QA of the Act, Fonterra is required to make all “non-sensitive” information requested by or provided to the Commerce Commission in relation to its review of Fonterra’s base milk price calculation publicly accessible.
Fonterra makes no warranty, express or implied, nor assumes any legal liability or responsibility to any person for the accuracy, correctness or completeness of the information disclosed in accordance with the Act.
Disclosures
2023/2024 Season
S150JA
PDF FILE
Emails and Documents
2022/2023 Season
S150QA
Models
ZIP FILE
As at 31 January 2023
ZIP FILE
As at 31 May 2023
ZIP FILE
As at 31 July 2023
Other
Emails
Documents
EXCEL
Workbooks