Fonterra Farmgate milk price FY 2011-2022

In financial year 2022, the Farmgate milk price for milk supplied to Fonterra was 9.3 New Zealand dollars per kilogram of milk solid. This was an increase from the previous year, in which the Farmgate milk price was 7.54 New Zealand dollars per kilogram of milk solid.

Fonterra Co-operative Group Limited

Fonterra is a prominent dairy cooperative based in New Zealand and is one of the largest dairy companies in the world. In 2020, Fonterra secured the third position among the top 20 global dairy corporations, as measured by their market share percentage of worldwide milk production. Over the years, the company has played a pivotal role in New Zealand's economy, contributing significantly to the nation's dairy exports. Recently, Fonterra achieved a remarkable increase in sales revenue compared to previous years, establishing its continued growth and success in the market. Additionally, the company has been dedicated to sustainability and responsible farming practices, aligning with the growing global demand for environmentally conscious and ethically sourced dairy products.

Dairy industry in New Zealand

New Zealand has a thriving dairy export industry, with dairy products being a prominent contributor to the country's economy. During the financial year 2022, New Zealand's dairy industry exports amounted to 22 billion New Zealand dollars, marking a rise in value compared to the prior fiscal 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.