Jon Spainhour chatted with the New Zealand Herald about the latest Global Dairy Trade (GDT) results. From the article:
Fonterra’s latest farmgate milk price forecast of $4.25 a kg rests on whole milk powder stabilising at around current levels and gradually improving as the season progresses.
Dairy NZ estimates the average break even price for most farmers to be $5.25 a kg.
Jon Spainhour , a broker and partner at Chicago-based dairy specialist Rice Dairy, said it was an encouraging result.
“We are not off to the races yet but I think we have seen the floor for the moment,” he said.