On Friday (May 27) Taupō based dairy company, Miraka, announced an opening 2025/26 season farmgate milk price forecast of $8.85–$10.85 per kilogram of milk solids (kgMS), with a midpoint of $9.85 per kgMS.
The low-carbon dairy processor said its forecast reflects confidence in strong global dairy demand and reinforces Miraka’s focus on delivering transparent, reliable value to its suppliers.
“While others in the sector have announced a $10.00 headline price, it’s important to understand the full picture,” said acting chief executive officer, Richard Harding.
Miraka’s announcement followed one from Fonterra the day before of an opening price forecast of $9.70-$10.30 with a midpoint of $10.00 per kgMS. Fonterra has also announced a decision to divest itself of its global consumer and associated businesses.
“At Miraka, we believe in being transparent — our $9.85 per kgMS midpoint is clearly stated and grounded in market fundamentals,” said Harding.
He said that clarity in pricing was critical for on-farm planning and financial confidence.
“We’re taking a disciplined approach — optimistic, but grounded.”
Miraka also offers its suppliers the chance to earn up to 20 cents per kgMS in additional premium payments through its Te Ara Miraka farming excellence programme, now in its 10th year.
This rewards on-farm excellence in areas such as milk quality, animal welfare, staff development and sustainability.
Joan Barendsen, general manager on-farm excellence said that when the average Te Ara Miraka premium was included, the total forecast payout for 2025/26 rose to $10.02 per kgMS.
“We’ll be celebrating the achievements of many of our existing suppliers next month — they’re leading the way in modern, values-based dairy farming,” said Barendsen.
Since launching Te Ara Miraka in 2015, Miraka has paid over $25 million in performance-based premiums to its farmer suppliers.
