Has the tide turned on dairy prices?

Has the tide turned on dairy prices?
Fonterra chief executive Miles Hurrell said there was an improved outlook for both supply and demand. (Image: Getty)
Riley Kennedy
While there has been somewhat of a rebound in dairy prices, there's still a lot of volatility left to play out in the market.Global prices have been under pressure for most of the current dairy season, mainly due to lower demand out of China – a key market for New Zealand exports.Prices fell at the first six Global Dairy Trade (GDT) auctions of the season, hitting a near five-year low at the Aug 15 auction when whole milk powder (WMP) – a key contributor to Fonterra’s payout – tumbled by 10.9% to US$2,548 (NZ$4,268)...

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