Dairy prices are continuing their good run in 2019.

Global dairy prices posted their second increase in a row.

Persistently strong global milk supply forced Fonterra to cut its milk price forecast last week by about 20-25 cents.

Economists aren't too excited about last week’s 2.2% overall lift in the Global Dairy Trade price index.

On the eve of Fonterra revising its farmgate milk price, the overnight Global Dairy Trade auction (GDT) offered farmers some good news.

With production up 6.5% on last year for the peak of the season, a downward adjustment in Fonterra’s milk price will not be surprising, says BNZ senior economic Doug Steel.

Fonterra’s farm gate milk price faces another revision following the Global dairy Trade (GDT) auction overnight.

Fonterra chairman John Monaghan says a lot of work goes into delivering a globally competitive milk price to farmers.

Dairy prices continue to track lower, broadly in line with expectations on the day. 

Global dairy prices have continued their downward slide.