Since the news of Fonterra recording a 50 percent increase in record profits, it has now cut its season forecast milk payment to farmers.
The forecasted payments have lowered to a range of $8.00 to $8.60 per kg of milk solids, reducing the midpoint of the range by 20 cents from $8.50 to $8.30 per kg.
They are putting the blame on global demand from China weakening.
Dairy NZ chief executive Tim Mackle joined Mike Hosking.
LISTEN ABOVE

Steve Price: Australia Correspondent calls One Nation's poll results 'crazy'
06:06

Richard Arnold: US Correspondent chats Oscars security measures and that latest of the Iran conflict
05:39

Full Show Podcast: 16 March 2026
1:28:21