Tracking the dairy fallout- 19 August

Today’s news rings positive following several weeks of doom and gloom.

This starting with the announcement that dairy product prices have increased for the first time in six months with the average winning GDT price climbing 14.8 per cent to $1,974USD.

The word this morning was that the New Zealand dollar has remained steady as dairy prices bounce back as expected and New Zealand farm prices are keeping much the same.

Meanwhile, Milk processor Tatua called for an independent review of the current milk pricing regime in response to inefficiency concerns.