Fonterra raises annual milk price forecast and plans special dividend for shareholders
The dairy giant increased its farmgate milk price range due to strong global commodity prices. It also plans a special dividend following the sale of assets.
Insights:
Fonterra Co-operative Group announced on February 19, 2026, that it has raised its farmgate milk price forecast for the 2025/2026 season. The co-operative now expects to pay New Zealand 
NZ dairy farmers between NZ$9.20 and NZ$9.80 per kilogram of milk solids (kgMS), an increase from the previous guidance of NZ$8.50 to NZ$9.50 per kgMS. This adjustment directly impacts the payments received by New Zealand dairy farmers for the current season.
NZ dairy farmers between NZ$9.20 and NZ$9.80 per kilogram of milk solids (kgMS), an increase from the previous guidance of NZ$8.50 to NZ$9.50 per kgMS. This adjustment directly impacts the payments received by New Zealand dairy farmers for the current season.
