Stu Davison from HighGround Dairy provides valuable insights into the recent Global Dairy Trade Auction results.
Despite a decline in the overall index, Davison says the prices remain higher than last year, attributing the dip to China's reduced buying activity.
He warns that the market has hit a ceiling, with the potential for further declines, rising production costs and postponed expenditures,
Davison also discusses DairyNZ's financial forecast, highlighting a national break-even price of $8.32 per kilogram of milk solids and an average payout forecast of $10.08.
Listen to the full chat between Stu Davison and Dominic George above.
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