Miraka Raises Milk Price Forecast Again Amid Market Optimism
Source: DairyNews.today
Taupō-based dairy processor Miraka has revised its forecast milk price upward for the second time this season, aligning with similar moves by larger industry players.
The company now projects a base milk price with a midpoint of $9.60 per kilogram of milk solids (kgMS) and a range of $9.10 to $10.10/kgMS. When incentives are factored in, the overall forecast rises to $9.77/kgMS for the current season, reflecting increased market confidence.
This latest adjustment builds on the October increase, which saw Miraka lift its forecast to $9.17/kgMS from the season’s opening price of $8.42/kgMS.
The revision underscores a buoyant outlook within the dairy sector, driven by stronger global dairy prices and improving market conditions. Miraka's continued upward adjustments suggest optimism about the sustainability of demand in key export markets.
The higher forecast strengthens Miraka's position among New Zealand’s dairy processors, offering competitive returns for its farmer suppliers while signaling resilience amid fluctuating global market dynamics.
This latest adjustment builds on the October increase, which saw Miraka lift its forecast to $9.17/kgMS from the season’s opening price of $8.42/kgMS.
The revision underscores a buoyant outlook within the dairy sector, driven by stronger global dairy prices and improving market conditions. Miraka's continued upward adjustments suggest optimism about the sustainability of demand in key export markets.
The higher forecast strengthens Miraka's position among New Zealand’s dairy processors, offering competitive returns for its farmer suppliers while signaling resilience amid fluctuating global market dynamics.
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