Fonterra To Offer Guaranteed Prices Of Milk Solids


News: New Zealand-based dairy cooperative Fonterra will reportedly offer a guaranteed milk price on 60mn kgs of milk solids, which will be made available in two tranches. Opening in June, the first tranche will offer 40mn kgs with a 12-month guaranteed price for milk, while the second tranche will be opened in December for 20mn kgs, with six-month price surety. The move comes after a pilot project in 2013, under which 328 farmers were offered a guaranteed price of US$7 a kg for 15mn kgs of milk solids.

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Related sectors of this article: Food & Drink, Food
Geography: New Zealand