From ANZ, have revised its farmgate milk price forecast for the 2021-22 season
- up 60c to $8.80/kg MS
- and for the 2022-23 season the initial forecast is $8.00/kg MS
Dairy is a huge export earner for New Zealand, higher prices are a positive input for the NZ dollar.
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The price in $ per kg MS ... the 'MS' bit is milk solids. Google that for more info on how dairy is priced if you are interested.
