OPINION: Credit where due, NZ Herald at least reported that agricultural leadership had pitched in to do its bit.
Dairy prices extended and quickened their ascent at last week’s GDT auction and were stronger than anticipated, says BNZ senior economist Doug Steel.
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.