Aug 21 (Reuters) - New Zealand's Fonterra Co-operative Group (FCG.NZ) , opens new tab on Thursday increased its milk price forecast for the 2024/2025 season, banking on stable global dairy prices and solid sales book.

The company increased the midpoint of its annual forecast for farmgate milk price - the price it pays to farmers for milk - to NZ$10.15 per kilogram of milk solids (kgMS) from prior expectations of NZ$10.00 per kgMS.

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Fonterra also narrowed the milk price forecast range for the 2025/2026 season to NZ$9.00 to NZ$11.00 per kgMS from an earlier view of NZ$8.00 to NZ$11.00 per kgMS.

"Global dairy trade prices continue to be strong, supporting the NZ$10.00 per kgMS forecast midpoint for the current season," CEO Miles Hurrell said.

(This story has been refiled to fix the spelling of 'dairy' in the headline)

https://www.reuters.com/world/asia-pacific/nzs-fonterra-raises-annual-milk-price-forecast-stable-dairy-prices-2025-08-20/