date:Jun 13, 2013
Fonterra has confirmed that the Guaranteed Milk Price (GMP) for the 2013/14 season pilot will be NZ$7.00 per kgMS (kilogram of milk solids), following the announcement of its opening Milk Price forecast for the season.
Earlier this year the co-operative announced a GMP pilot programme allowing farmers to lock in a milk price announced at the beginning of a season for up to 75 per cent of their milk supply. With what it says is strong interest shown from farmer shareholders, Fonterra is looking