11th June 2021 By Staff Reporter | email@example.com | @foodtickernz
Rabobank has increased its forecast farmgate milk price for the 2021/22 dairy season to $8/kgMS – the same as Fonterra.
Despite the upward revision in its New Zealand milk price forecast, the bank was still expecting to see lower Chinese import demand in the second half of the year.
It added that ongoing global shipping issues and further waves of new Covid-19 variants had the potential to disrupt global dairy markets in the second half of 2021.
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