Fonterra lifted its 2022/23 forecast Farmgate Milk Price range to NZ$8.75-$10.25 per kgMS, up from NZ$8.25-$9.75 per kgMS. This increases the midpoint of the range, which farmers are paid off, by 50 cents to $9.50 per kgMS. The co-op also announced a 2022/23 earnings guidance range of 30-45 cents per share and provided an update on the Co-op’s progress towards its long-term aspirations.
