Milk price manual and calculation
We undertake two separate reviews each dairy season: the milk price manual and the milk price calculation.
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Milk price manual
The manual is the specific methodology Fonterra uses to calculate its base milk price – the amount farmers receive from Fonterra for each kilogram of milk solids each dairy season.Read more -
Milk price calculation
At the end of each dairy season, we undertake a review of Fonterra's base milk price calculation. This review assesses whether the calculation is consistent with the purpose of the milk price monitoring regime as set out in the Dairy Industry Restructuring Act (DIRA).Read more -
Our approach to the DIRA reviews
The Dairy Industry Restructuring Act 2001 (DIRA) requires us to complete two separate, but related, reviews of Fonterra's setting of the base milk price for each dairy season – a review of Fonterra's Milk Price Manual and a review of the base milk price calculation.Read more
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