Many New Zealand farmers are now facing a year of a break-even milk price. Fonterra has revised the predicted price to be paid for the 2014/2015 season to $4.70kg MS (19c/litre). The original forecast made last August was $5.30/kg MS (23c/litre).

A lot of dairy farmers felt the initial price forecast was low and expected a recovery in dairy markets by the end of 2014, to lift the final price paid for the season.