date:Mar 28, 2014
$6.16 per kgMS.
A forecast cash payout of $8.75 represents a $13.8 billion injection into the New Zealand economy. An estimated 50 cents in every $1 of payout is spent by our farmers locally, meaning the benefits will be felt in urban as well as rural communities1, said Wilson.
Our current season forecast reflects sustained strong milk powder prices which, on average, are ahead by US$1,200 per tonne compared to last season.
Although we are forecasting the highest-ever farmgate milk price r