This past dairy season is all-but-confirmed as record breaking but remaining at those lofty heights will be farmers' next challenge.  

Rabobank expects milk supply to stay elevated into 2026-27, with farmgate prices forecast between $9.50 and $10 per kilogram. 

But rising inflation could squeeze margins. 

Fonterra Co-Operative Council Chair John Stevenson told Mike Hosking in terms of returns, there’s no doubt it’s a good time. 

He says they’ve seen strong milk prices and Fonterra farmers have seen strong returns on their shares, but the thing to look out for are input costs, which are continuing to creep up. 

LISTEN ABOVE 

This past dairy season is all-but-confirmed as record breaking but remaining at those lofty heights will be farmers' next challenge. &nbsp;
Rabobank expects milk supply to stay elevated into 2026-27, with farmgate prices forecast between $9.50 and $10 per kilogram.&nbsp;
But rising inflation could squeeze margins.&nbsp;
Fonterra Co-Operative Council Chair John Stevenson told Mike Hosking in terms of returns, there’s no doubt it’s a good time.&nbsp;
He says they’ve seen strong milk prices and Fonterra farmers have seen strong returns on their shares, but the thing to look out for are input costs, which are continuing to creep up.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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John Stevenson: Fonterra Co-Operative Council Chair on farmgate milk prices forecast to hit between $9.50 and $10

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bf6e8772-53e1-4c29-bda9-b4550162c060/transcript