Fonterra raises milk price forecast after strong GDT result
UPDATE: Demand from China and Asia drives upgrade for farmers.
NBR staff Wed, 03 Feb 2021
UPDATE: Dairy co-op Fonterra has increased its forecast milk price to $6.90-$7.50 a kg after another strong result in the latest GDT auction of dairy commodities.
The upgrade raises the mid-point of the range to $7.20, which provides the basis for payments to farmers, from the previous forecast
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