29-10-2015, 10:55 PM
Learn something today:
This is where u can track farmgate milk prices: http://www2.fonterra.com/our-financials/...ilk-prices
FARMGATE MILK PRICES
New Zealand is unique in that 95 per cent of milk production is exported with Fonterra collecting around 87 per cent 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.
http://www2.fonterra.com/our-financials/...iry-update
This is where u can track farmgate milk prices: http://www2.fonterra.com/our-financials/...ilk-prices
FARMGATE MILK PRICES
New Zealand is unique in that 95 per cent of milk production is exported with Fonterra collecting around 87 per cent 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.
http://www2.fonterra.com/our-financials/...iry-update