Chinese demand has pushed up the expected payout for farmers
Chinese demand has pushed up the expected payout for farmers
5 March 2021
Fonterra has lifted its 2020/21 forecast farmgate milk price range from seven dollars 30 to seven dollars 90 a kilogram of milk solids, up from between 6.90 and 7.50.
The co-op says it's a China-demand-led story.
The Country host, Rowena Duncum, says there was concern China was stockpiling at the last auction.
She says China's food service, businesses and schools are up-and-running again, so there's strong demand that isn't abating.
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