ZB

Economist: Weaker than expected New Zealand dollar augurs well for milk prices

Author
Newstalk ZB,
Publish Date
Thu, 23 Jun 2022, 7:51am
Photo / NZ Herald
Photo / NZ Herald

Economist: Weaker than expected New Zealand dollar augurs well for milk prices

Author
Newstalk ZB,
Publish Date
Thu, 23 Jun 2022, 7:51am

Fonterra's Farmgate Milk Price could surpass $10 this season, according to new ASB forecasts.

If it comes to pass, it will be the first double-digit payout on record.

ASB Wealth Senior Economist Chris Tennent-Brown told Mike Hosking weak supply growth, mixed with strong demand, and a weaker than expected New Zealand dollar augurs well for milk prices.

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