Richard Allen

speaker

173 appearances 2 recordings 1 series first heard Jul 2026 last heard 13 Jul

Richard Allen’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 2.

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The Mike Hosking Breakfast · Richard Allen: Fonterra CEO explains cuts to the 2026/27 Milk Price Forecast · 13 Jul 2026 podcast

I think we will be somewhere, you know, where we believe we are today is our best view.

But again, you know, it's a volatile world out there.

When you talk about El Nino, how do you get your head around that, given we don't know?

We don't know.

Absolutely not.

I think where we sort of come at it from is our farmers are much better prepared in terms of their preparations for drought on farm than they were probably 10, 15 years ago.

So they plan for dry summers in parts of the country.

we have more protection against that.

Areas like Canterbury where we have a lot of irrigation, then those farmers are much more protected against weather patterns.

But if it comes, I'm sure our farmers will have plans in place.

There's pretty good supplementary feed on farm.

We had a good growing season last year.

But again, you've just got to take what comes and roll with it.

Definitely I worry about our farmers more.

The climatic conditions in New Zealand do have an impact on our farmers, have an impact on their ability to produce.

So that's what we think a lot about.

But again, our job is to pick up the milk and make the most money from it.

Our farmers' role is to run their own farms.

Look, it all comes into the mix.

At the minute where we don't sort of take fixed point prices, we take scenarios.

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