Too soon to say whether rising dairy prices will flow to farmgate - Fonterra

Wed, 08 Jul 2020

The overnight lift in dairy prices may have wiped out all pandemic-related falls, but Fonterra Cooperative Group is demurring on whether farmers can expect a higher payout. The average price across all products climbed 8.3 percent in the overnight Global Dairy Trade auction - boosted by a 14 percent gain in whole milk powder - in the biggest increase for the index since November 2016. Whole milk power prices are now at US$3,208 a tonne and 1.2 percent more than the end of January. The result was significantly higher than expected, with fu...

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