Another bounce in milk prices will spell some relief

Another bounce in milk prices will spell some relief
BNZ senior economist Doug Steel said indicators suggest another decent price gain is likely. (Image: Getty)
Rebecca Howard
Dairy prices are tipped to rise in this week’s global dairy auction, which is good news for farmers battling higher costs.ANZ Bank is expecting another “good-sized bounce” of at least 5%, as offshore buyers look to be showing renewed interest.The auction takes place overnight on Tuesday.Dairy prices lifted 4.6% in the prior auction two weeks ago, boosted by a 4.6% lift in whole milk powder.The futures market is expecting increases across the board at the auction.  Production strugglingBNZ senior economist Doug Steel ...

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