ANZ AgriFocus forecasts farmgate milk price of $4.50-to-$4.70/kgMS with tide turned on dairy prices

Thu, 05 Feb 2015

By Fiona Rotherham Feb. 5 (BusinessDesk) - New Zealand's farmgate milk price may be $4.50-to-$4.70 per kilogram of milk solids for the 2014/2015 season with dairy incomes a key downside risk for the economy, Australia & New Zealand Banking Group's AgriFocus report says. That compares with the AgriHQ seasonal farmgate milk price of $4.55/kgMS and Fonterra Cooperative Group's December forecast of $4.70/kgMS, which was down 60 cents on its earlier estimate following a halving of dairy prices during the season. In its latest Agri Focus re...

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