Fonterra's revised forecast for the 2022/23 shows a worrying outlook for the dairy industry.

The milk giant has revised down its farmgate price to between $8.00 and $8.60 per kg of milk solids.

It's a sharp drop from the record payout of $9.30 last season.

Head of Insight at NZX Limited and dairy sector expert Julia Jones joined Kate Hawkesby.

LISTEN ABOVE

Fonterra's revised forecast for the 2022/23 shows a worrying outlook for the dairy industry.
The milk giant has revised down its farmgate price to between $8.00 and $8.60 per kg of milk solids.
It's a sharp drop from the record payout of $9.30 last season.
Head of Insight at NZX Limited and dairy sector expert Julia Jones joined Kate Hawkesby.
LISTEN ABOVE

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A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.