Fonterra lowers milk price forecast amid softer demand
New Zealand dairy giant Fonterra has lowered its 2026/27 milk price forecast amid declining auction prices. The company cited softer global demand as the main driver behind the downward revision.
New Zealand dairy giant Fonterra said it has lowered its 2026/27 milk price forecast amid declining auction prices. The company cited softer global demand as the primary driver behind the downward revision.
Recent price drops at Global Dairy Trade auctions point to slowing international demand for milk powder and other dairy products. Fonterra said payments to farmers will be affected by the revised forecast.
The outlook carries significant implications for New Zealand's rural economy, given dairy's outsized share of the country's export earnings. The company said it would continue monitoring demand conditions closely in the coming months.
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