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Farm-gate milk prices, New Zealand/Fonterra
This page contains the monthly average price data for farm-gate raw milk, as recorded in New Zealand/Fonterra.

The prices collected over the last three years are listed in the table, while the graphs below illustrates price trends in € and in local currency. Furthermore, time series and the chart are available for monthly average prices, in local currency.

The comparison table and the graph gives you a historical overview of milk prices in the New Zealand compared with EU-27.
NZ$ per 100 kg. - € per 100 Kg. (VAT not included)
Month 2022
NZ$ 		2022
€ 		2023
NZ$ 		2023
€ 		2024
NZ$ 		2024
€ 		± on prev. mo.
NZ$ 		± on 2023
NZ$ 		± on prev. mo.
€ 		± on 2023
€
January 72,96 43,46 64,61 38,34 59,27 33,54 +3,98% -8,25% +3,30% -12,52%
February 72,96 42,96 64,60 37,96 59,28 33,65 +0,02% -8,23% +0,33% -11,36%
March 72,96 45,46 63,08 36,59 59,27 33,17 -0,02% -6,04% -1,43% -9,33%
April 70,68 44,24 62,32 35,26 59,28 32,95 +0,02% -4,87% -0,66% -6,55%
May 70,68 42,80 62,31 35,66 59,28 33,27 0,00% -4,86% +0,97% -6,70%
June 72,20 43,39 60,80 34,38 60,81 34,67 +2,57% +0,01% +4,21% +0,85%
July 70,30 42,77 51,30 28,89 64,60 35,92 +6,24% +25,92% +3,61% +24,33%
August 70,29 43,50 51,29 28,19 68,37 37,77 +5,83% +33,30% +5,15% +33,98%
September 70,30 42,12 55,10 30,59 68,40 38,33 +0,04% +24,14% +1,48% +25,30%
October 70,31 40,64 55,09 30,75 72,21 40,30 +5,56% +31,07% +5,14% +31,06%
November 68,40 40,65 56,99 31,62 76,00 42,30 +5,26% +33,35% +4,96% +33,78%
December 68,40 41,06 57,00 32,47
Gen - Nov 70,93 (2) 42,55 (2) 59,00 (2) 33,55 (2) 64,25 ** 35,99 **
Change (1) +15,7% +15,5% -16,8% -21,1% +9,2% ** +7,5% **
Weighted Average 70,62 42,37 58,76 33,42
Change (1) +13,3% +13,1% -16,8% -21,1%
2) Weighted Average Prices
** The Arithmetic Average Yearly Price
1) Variation in percentage compared to the same period of the previous year.
NOTE: * Data adjusted for 4.2% fat and 3.4% protein.
Conversion in € is calculated using the average exchange rate of the reference month.

Source: UK-Milk Development Council - LTO NEDERLAND; From March 2021, Processed by CLAL
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NZ$
 
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NZ$/100 kg
2009 2014 2019 2020 2021 2022 2023 2024 ± on prev.
month		 ± on
2023
January 38,83 66,46 50,53 57,01 54,72 72,96 64,61 59,27 +3,98% -8,25%
February 38,79 66,54 50,54 54,33 57,76 72,96 64,60 59,28 +0,02% -8,23%
March 39,53 66,48 50,55 57,00 57,76 72,96 63,08 59,27 -0,02% -6,04%
April 39,59 64,58 49,21 56,25 57,38 70,68 62,32 59,28 +0,02% -4,87%
May 39,57 64,56 49,21 56,25 57,38 70,68 62,31 59,28 0,00% -4,86%
June 34,65 47,32 49,22 50,17 60,80 72,20 60,80 60,81 +2,57% +0,01%
July 34,60 47,31 49,21 50,16 60,80 70,30 51,30 64,60 +6,24% +25,92%
August 38,76 42,57 49,21 48,65 60,80 70,29 51,29 68,37 +5,83% +33,30%
September 38,80 42,55 50,92 50,87 64,70 70,30 55,10 68,40 +0,04% +24,14%
October 46,00 42,56 50,92 51,68 66,89 70,31 55,09 72,21 +5,56% +31,07%
November 45,99 38,01 54,72 53,19 66,12 68,40 56,99 76,00 +5,26% +33,35%
December 46,03 38,00 57,00 53,37 69,92 68,40 57,00
AVG Weighted Price 41,95 50,23 51,77 53,46 62,32 70,62 58,76 64,25 **
Change (1) +19,8% +3,1% +3,3% +16,6% +13,3% -16,8% +9,2% **
Source: UK-Milk Development Council - LTO NEDERLAND; From March 2021, Processed by CLAL
1) change from the same period of previous year , except for years 2009, 2014, 2019, where the change is from the same period 5 years ago
** Avg Annual Price
  min price in the last 5 years
  max price in the last 5 years
€/100 kg NEW ZEALAND/FONTERRA
Farm-gate raw Milk price*(2)
 US
Farm-gate raw Milk*(2)
 EU-27
Farm-gate raw Milk
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 % on prev. month % on 2023 2024 % on prev. month % on 2023 2024 % on prev. month % on 2023
January 24,98 21,22 33,36 31,21 29,99 33,91 32,33 43,46 38,34 33,54 +3.30% -12.52% 40,64 -1.49% -13.32% 46,45 -0.28% -16.67%
February 24,69 19,99 33,53 30,82 30,44 31,84 34,58 42,96 37,96 33,65 +0.33% -11.36% 42,07 +3.54% -4.45% 46,39 -0.13% -13.03%
March 25,93 20,29 32,38 30,62 30,56 31,19 34,62 45,46 36,59 33,17 -1.43% -9.33% 41,97 -0.23% -2.94% 46,43 +0.09% -7.64%
April 24,86 20,32 32,84 31,06 29,43 31,06 34,18 44,24 35,26 32,95 -0.66% -6.55% 42,13 +0.37% +1.74% 46,04 -0.84% -3.11%
May 23,39 20,11 31,78 30,97 28,85 31,44 34,12 42,80 35,66 33,27 +0.97% -6.70% 44,86 +6.48% +15.81% 45,90 -0.30% +0.90%
June 24,87 22,86 34,23 31,29 28,75 28,71 35,88 43,39 34,38 34,67 +4.21% +0.85% 46,72 +4.15% +29.05% 46,02 +0.26% +3.88%
July 19,76 25,96 33,98 31,34 29,31 28,82 35,91 42,77 28,89 35,92 +3.61% +24.33% 46,35 -0.78% +34.39% 46,42 +0.87% +6.15%
August 22,58 28,46 34,08 30,94 28,44 27,13 36,04 43,50 28,19 37,77 +5.15% +33.98% 47,18 +1.79% +19.11% 47,46 +2.24% +9.05%
September 21,67 28,76 33,54 28,70 29,36 28,77 38,80 42,12 30,59 38,33 +1.48% +25.30% 50,62 +7.29% +17.37% 49,50 +4.30% +14.03%
October 23,08 32,31 33,00 27,87 29,17 29,14 40,66 40,64 30,75 40,30 +5.14% +31.06% 50,95 +0.65% +13.54% 51,62 +4.28% +16.26%
November 23,68 32,96 30,77 29,22 31,69 30,86 40,66 40,65 31,62 42,30 +4.96% +33.78% 50,19 (p) -1.49% +13.99% 53,33 +3.31% +17.36%
December 24,03 33,23 30,85 29,40 33,80 31,10 42,00 41,06 32,47 53,74 +0.77% +15.37%
Average Weighted Price 23,78 27,06 32,56 29,79 30,38 30,56 37,46 42,37 33,42
Change (1) -23.78% +13.79% +20.32% -8.51% +2.01% +0.59% +22.56% +13.10% -21.12%
Avg Annual Price 23,63 25,54 32,86 30,29 29,98 30,33 36,65 42,75 33,39 35,99 45,79** 48,28**
Change (1) -93.96% +8.09% +28.67% -7.84% -1.00% +1.16% +20.83% +16.66% -21.90% +7.51% +10.30%** +2.76%**
Source: UK-Milk Development Council - LTO NEDERLAND
1) change from the same period of previous year
2) VAT not included
** Avg Annual Price
(p) = provisional price
*NZ: Data based on payout forecast, adjusted for 4.2% fat and 3.4% protein.
*US: m.g. 3,7% p.p. media
EU-27: Weighted average, excl. VAT, incl quality
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