date:Oct 22, 2015
e expected a moderate lift in whole milk prices, said Tobin Gorey of ANZ.
Falling production
A drop in milk output in New Zealand, the top exporting country, has been confirmed by Fonterra, which processes the vast majority of the nations volumes, and reported a decline of 9% in receipts in September.
The drop in volumes in what is one of the seasonally biggest producing months, leading up to the October peak reflects the disincentive to farmers from farmgate prices which, until last month,