Strong milk production in New Zealand is putting downward pressure on global dairy prices.

Global dairy prices have seen one of their biggest jumps in recent years.

A farmgate milk price at the upper end of Fonterra’s forecast is now on the cards.

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