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Rabobank increases farmgate milk price forecast


Rabobank increases farmgate milk price forecast
15 Dec, 2020 01:00 AM
3 minutes to read
The Country
Good news for dairy farmers as Rabobank has increased its farmgate milk price forecast by 65 cents to $7.00 kg/MS for the 2020/21 season.
The increase was due to global dairy demand holding up strongly over recent months and positive consumer sentiment building in key dairy markets, Rabobank dairy analyst Emma Higgins said.
However, Higgins put the news in a more festive way on The Country today, possibly because the lift in the milk price had finally freed her from Jamie Mackay s Grinch nickname.
The Christmas Grinch has come good. It s a Christmas miracle - we re now forecasting $7 for this current season, she said. ....

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