Jamie Mackay: The Country host on Fonterra's opening shot for the 26/27 season forecast milk price

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Recorded26 May 2026

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Rural lending specialist Rabobank expects the 2026-27 dairy season to be another strong one for farmgate milk prices, but says rising inflation will take its toll. After a string of strong Global Dairy Trade (GDT) auctions, Rabobank expects a robust opening milk price from dairy co-op Fonterra of $9.50 to $10.00 per kg of milksolids for the 2026-27 season. However, the bank said the inflationary impacts of geopolitical disruption were likely to squeeze farmer margins in the new season. The Country's Jamie Mackay explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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