The days of cafes getting milk in plastic bottles may be numbered if two young Dunedin entrepreneurs have their way.
Fonterra has for the first time passed all its forecast milk price rise to its cash-strapped farmer suppliers.
Fonterra Cooperative Group Ltd increased its 2016/17 forecast farmgate milk price by 50 cents to $5.25/kgMS.
“A super start to spring” is how Rabobank dairy analyst Emma Higgins describes the third consecutive significant rise on the Global Dairy Trade (GDT) event platform.
Cheese prices have fallen to their lowest level in almost nine years in the local market, with overall food prices dragged down by cheaper dairy products.