The GlobalDairyTrade Event 173 concluded with the GDT Price Index down 3% over night.

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.

Global Dairy Trade Event 171 concluded overnight with the GDT price index up 7.7%

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.

Embattled European dairy farmers are to get another $780 million to help them weather the downturn.

A European Union diplomat says EU farmers cannot be blamed for low farmgate milk prices.

Synlait Milk's forecast milk price for the 2016-17 season is $4.50/kgMS.

Falling prices, rather than lower volumes, have pushed down the value of dairy product exports over the past two years, Statistics NZ says.