Plant-based bubble bursts
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Fonterra farmers have received some good news this morning: a higher forecast milk price for this season.
With dairy prices on the rise, how far can Fonterra go with its forecast milk price rises this season?
A new record milk price for this season has been forecast as dairy products fetch higher on the back of strong demand and softening supply.
The country's second largest milk processor is lifting two of its forecast milk price settlements on the back of rising whole milk powder prices.
Dairy prices on the overnight Global Dairy Trade (GDT) auction recorded their biggest gains in six months.
Resurging Covid-19 across the globe is continuing to take the shine off previously high dairy prices.
Dairy commodity prices have shaken off the past year's uncertainty, entering 2021 with a strong price trajectory.
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