Fonterra Co-operative Group Raises Fiscal 2026/27 Farmgate Milk Price Forecast

Fonterra Co-operative Group (NZE:FCG) revised its forecast farmgate milk price midpoint for the 2026/27 season to NZ$9.50 per kilogram of milk solids from NZ$9.25 per kilogram, reflecting recent improvements in global dairy commodity prices while retaining a prudent approach to the season ahead, according to a Monday New Zealand bourse filing.

The company said the forecast range has been lifted and narrowed to NZ$8.50 to NZ$10.50 per kilogram of milk solids from NZ$8.00 to NZ$10.50 per kilogram, the filing added.

The company's New Zealand shares rose 1% in recent Monday trade.

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New Concepts Raises HK$4.9 Million from Share Issue

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HKG:0348HKG:0764