Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.

The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.

Weaker milk production in the Northern Hemisphere is keeping dairy prices high.

Is China's appetite for dairy back on the rise?

Good news for New Zealand dairy farmers – whole milk and skim milk powder prices rose in the overnight Global Dairy Trade (GDT) auction.

Fonterra has bumped up its forecast farmgate milk price for the season on the back of rising commodity prices and a strong balance sheet.

What a difference a year can make.

OPINION: DairyNZ's latest forecast data on the Econ Tracker, that the outlook for the current season has improved, will be welcome news for farmers.

The outlook for dairy farmers this season has improved, especially when compared to forecasts only six months ago, according to DairyNZ.

An $8/kgMS farmgate milk price for this season may be out of reach, according to ASB economist Nathaniel Keall.