Westpac revise forecast on dairy price

Feb 21, 2022 | Commodities

21.2.22 On the back of the continued strength in global dairy prices, last Westpac upgraded their 2022/23 farmgate milk price forecast by $1.00 to $8.50/kg. A weaker NZD/USD is also supporting a higher forecast. “Meanwhile for now, we are sticking with our record-high 2021/22 forecast of $9.50/kg,” add Westpac economists. This revision to next season’s […]

 


 

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