Milk | Miraka updates milk forecast

Miraka has updated its milk price forecast $9.17/kg MS for the current season as well as confirming $8/kg MS for the 2023-2024 season.

Forecast of $9.17/kg MS for the current season and $8/kg MS confirmed for the 2023-2024 season.

Miraka has updated its milk price forecast $9.17/kg MS for the current season as well as confirming $8/kg MS for the 2023-2024 season.

Miraka CEO Karl Gradon said he expects the company’s milk suppliers to be pleased with the strong forecast.

“Our farmers have experienced a difficult and challenging period, with lower commodities over time and higher operating expenses and interest rates. We’re supporting them with a strong 2024/25 season forecast milk price.”

Miraka general manager of on-farm excellence Joan Barendsen said their farmer-supplier’s average farm performance has continued to go from strength to strength during the past season under their farming excellence programme, Te Ara Miraka.

“In June, we celebrated a record 13 farms which achieved excellence, qualifying each farm for an extra premium payment of $0.20 cents per kilogram of milksolids under Te Ara Miraka.”

Since the on-farm excellence programme was launched in 2016, Miraka has paid out more than $25 million in premiums to its dairy farmers.

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Milk, Miraka

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