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Fonterra Co-operative Group Discloses Opening Farmgate Milk Price Forecast; Raises Fiscal 2026 Earnings Guidance

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Fonterra Co-operative Group (NZE:FCG) said the opening 2026/27 season forecast farmgate milk price is NZ$9.75 per kilogram of milk solids within a range of NZ$8 to NZ$11, according to a Thursday filing with the New Zealand bourse.

The company said the farmgate milk price midpoint for the current season remains at NG$9.70 per kilogram of milk solids, with the range narrowing to between NZ$9.60 and NZ$9.80 from NZ$9.40 to NZ$10.

The 2026/27 opening forecast reflects potential impacts from geopolitical risks and inflationary pressures across the season, Fonterra said.

The company also raised its fiscal 2026 earnings guidance range NZ$0.60 to NZ$0.70 per share, up from a previous outlook of NZ$0.50 to NZ$0.65 per share. It reported fiscal third-quarter underlying earnings of NZ$0.57 per share, up from NZ$0.53 a year earlier.

The company's shares were up more than 2% in recent Thursday trade.

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