Dairy prices have risen for five consecutive Global Dairy Trade (GDT) auctions, which augurs well for this season’s milk price.

The dairy industry is much improved compared with what it was 18 months ago, according to accountant Pita Alexander.

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Troubled Canterbury milk processor, Synlait has delivered more bad news to its shareholders.

Fonterra says milk supply and demand remains finely balanced as it starts with a cautious opening forecast milk price for the new season.

Listed milk processor Synlait has announced an opening forecast base milk price of $8/kgMS for the new season.

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