Strong dairy markets ‘to Christmas at least’

Average prices for August milk were around 42 cents per litre at the top paying co-ops, but they could be lifted further by a strong global market for dairy, which is predicted to strengthen until Christmas at least by Fonterra, the New Zealand-based co-op which is the world’s largest milk exporter, writes Stephen Cadogan.

Average prices for August milk were around 42 cents per litre at the top paying co-ops, but they could be lifted further by a strong global market for dairy, which is predicted to strengthen until Christmas at least by Fonterra, the New Zealand-based co-op which is the world’s largest milk exporter.

Strong demand from importers such as China, and sluggish supplies from major exporters, add up to a rising market, according to Fonterra.