PremiumUpdatedGraham SkellernBusinessDesk·13 Jul, 2026 06:14 AM5 mins to readDairy giant Fonterra has lowered its 2026-27 farmgate milk price to $9.25 per kgMS, reflecting softer-than-expected demand amid strong global supply. The New Zealand sharemarket followed a slide across the Asia-Pacific region, falling nearly 0.5% amid heightened tensions in the Middle East.The S&P/NZX 560 Index was down sharply at the open and recovered only slightly, closing at 13,723.20, down 62.47 points (0.45%), after reaching an intraday low of 13,670.41.
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