Farmgate Milk Prices

New Zealand is unique in that 95 percent of milk production is exported with Fonterra collecting a large proportion of the milk.

As a result, there is no ‘market price’ set through competition for supply.

Fonterra instead calculates a Farmgate Milk Price using independently approved methodology. This enables total returns to be allocated between payments for milk and returns on the share capital invested by farmer shareholders and unit holders in the Co-operative.

Read how the Farmgate Milk Price is calculated or view Milk Price Statements and Manuals.