Fonterra expands milk guarantee

摘要

New Zealand's Fonterra has expanded its Guaranteed Milk Price (GMP) pilot programme from last season, with two opportunities for securing a GMP on 60 million kilograms of milk solids. Up to 40 million kg were available in June, and another 20 million kg will become available in December, the company says. The opening forecast farmgate milk price is NZ$7 (€4.40) per kg of milk solids. The programme was popular last season, Fonterra says.