Is food vegan simply because it doesn’t come from a cow? This question has puzzled one in five Britons.
A big reduction in European stocks of skim milk powder (SMP) was behind its whopping 10.3% rise in price at last week’s auction, economists concur.
Economists aren't too excited about last week’s 2.2% overall lift in the Global Dairy Trade price index.
Fonterra surprised observers last week by announcing an early upgrade of its milk price; the GlobalDairyTrade (GDT) price index lift of just 1.7% was lower than expected, says ASB’s senior rural economist Nathan Penny.