In financial year 2024, the Farmgate milk price for milk supplied to Fonterra was 7.83 New Zealand dollars per kilogram of milk solid. This was a decrease from the previous year, in which the Farmgate milk price was 8.22 New Zealand dollars per kilogram of milk solid.
New Zealand has a thriving dairy export industry, with dairy products being a significant contributor to the country's economy. During the financial year 2023, New Zealand's dairy industry export revenue reached a high, although this was forecast to decline slightly in the coming years. Key dairy exports from New Zealand include fluid milk, butter, cheese, and milk powder, with many products finding markets in Asia, particularly China. The industry has faced challenges related to price fluctuations and international trade dynamics, but it continues to be a vital sector in New Zealand's agricultural and export landscape.
Farmgate milk price of Fonterra Co-operative Group Limited from financial year 2011 to 2024
(in New Zealand dollars per kilogram of milk solids)
Characteristic
Price in New Zealand dollars per kilogram of milk solids
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Fonterra. (September 26, 2024). Farmgate milk price of Fonterra Co-operative Group Limited from financial year 2011 to 2024 (in New Zealand dollars per kilogram of milk solids) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1013521/new-zealand-farmgate-milk-price-per-kilogram-of-milk-solid-fonterra/
Fonterra. "Farmgate milk price of Fonterra Co-operative Group Limited from financial year 2011 to 2024 (in New Zealand dollars per kilogram of milk solids)." Chart. September 26, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1013521/new-zealand-farmgate-milk-price-per-kilogram-of-milk-solid-fonterra/
Fonterra. (2024). Farmgate milk price of Fonterra Co-operative Group Limited from financial year 2011 to 2024 (in New Zealand dollars per kilogram of milk solids). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1013521/new-zealand-farmgate-milk-price-per-kilogram-of-milk-solid-fonterra/
Fonterra. "Farmgate Milk Price of Fonterra Co-operative Group Limited from Financial Year 2011 to 2024 (in New Zealand Dollars per Kilogram of Milk Solids)." Statista, Statista Inc., 26 Sep 2024, https://www.statista.com/statistics/1013521/new-zealand-farmgate-milk-price-per-kilogram-of-milk-solid-fonterra/
Fonterra, Farmgate milk price of Fonterra Co-operative Group Limited from financial year 2011 to 2024 (in New Zealand dollars per kilogram of milk solids) Statista, https://www.statista.com/statistics/1013521/new-zealand-farmgate-milk-price-per-kilogram-of-milk-solid-fonterra/ (last visited December 21, 2024)
Farmgate milk price of Fonterra Co-operative Group Limited from financial year 2011 to 2024 (in New Zealand dollars per kilogram of milk solids) [Graph], Fonterra, September 26, 2024. [Online]. Available: https://www.statista.com/statistics/1013521/new-zealand-farmgate-milk-price-per-kilogram-of-milk-solid-fonterra/