Dairy price rises ‘great news’ for NZ economic recovery
Hopes are rising that Fonterra could lift its forecast payout to dairy farmers.
Expectations are rising that Fonterra could lift its forecast payout after global dairy prices continued a string of increases.
In the latest GlobalDairyTrade auction, global dairy prices rose 4.8% to US$3593 a tonne, the fifth consecutive lift since November last year.
Whole milk powder also
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