The latest Global Dairy Trade fortnightly auction today saw the third successive rise. That’s a real encouraging trend for not only our dairy farmers but the many thousands of others across NZ that rely on a vibrant rural economy (not to mention the IRD who also do well out of a good payout!). This latest rise pretty much wipes out the declines that happened April through August and may well be enough for Fonterra to shift forecast milk price up off the $6.75/kg. Wait and see!

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