Fatter margins for dairy farmers fuel producer price inflation

Tue, 19 Nov 2013

By Paul McBeth Nov. 20 (BusinessDesk) - Rising milk prices paid to dairy farmers fuelled growth in the prices producers paid and received in the third quarter, a period when Fonterra Cooperative Group twice hiked its forecast payout at the farmgate while batting off threats to its global reputation. The output producers price index, which represents what producers are paid, rose 2.4 percent in the three months ended Sept. 30, its fastest quarterly gain in five years, and up from a 1 percent increase in the June quarter, according to Statist...

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