Miraka Raises Milk Price Forecast Amid Strong Commodity Performance

Karl Gradon, CEO of Miraka, expressed satisfaction with the adjustment, highlighting its significance for the company’s suppliers.

"In October, we forecast a season payout of $9.17/kg MS. Today's update to a midpoint of $9.60 per kg/MS, bringing the overall forecast for the 2024-2025 season to $9.77/kg MS, including incentives, is highly competitive and well-received by our dairy farmers," Gradon said.

Dairy farmers supplying Miraka have the opportunity to earn additional premiums of up to $0.20/kg MS through the company’s on-farm excellence initiative, Te Ara Miraka.

Since 2015, Miraka has distributed over $25 million in premiums to its suppliers, reinforcing its commitment to rewarding quality and sustainability in farming practices.

Image by farmersweekly.co.nz