MARKET OPEN: Lift in dairy prices may benefit A2, Synlait

Wed, 07 Oct 2020

A2 Milk and Synlait Milk will be in focus after dairy prices lifted in the global overnight auction while the kiwi will continue to claw back some losses against the Aussie after a third major Australian bank joined those expecting a November rate cut across the ditch.Global dairy prices rose 2.2 percent, “a decent result given that prices sometimes soften during Chinese Golden Week holidays,” said BNZ senior interest rates strategist Nick Smyth. Butter was particularly strong, up 8.4 percent after Fonterra reduced the amount on off...

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