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Could higher farmgate milk prices be on the cards after strong GDT auction?

Author
Newstalk ZB,
Publish Date
Thu, 8 Feb 2024, 8:28PM
Photo / Getty Images
Photo / Getty Images

Could higher farmgate milk prices be on the cards after strong GDT auction?

Author
Newstalk ZB,
Publish Date
Thu, 8 Feb 2024, 8:28PM

There's speculation higher farmgate milk prices are on the way following a strong GDT auction result.

All of Fonterra’s main reference products rallied strongly at this week's auction, driven by demand from the Middle East and improved interest from China.

The Country's Jamie Mackay says customers should get their dairy products quickly, before the change kicks in.

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