Jacqueline Rowarth: Lincoln University adjunct professor on Fonterra lifting its Farmgate Milk Price to $7.50

Best efforts are being made in the dairy sector.  Fonterra's lifted its Farmgate Milk Price midpoint for the 2023/24 season by 25 cents, to $7.50 per kilogram of milksolids.  The company's had an 85% lift in profit, which bought them to $392 million in the first quarter of the financial year.  Lincoln University adjunct professor Jacqueline Rowarth told Mike Hosking that projections for farmers are looking promising despite a volatile market.  She says everyone is doing their best to indicate to farmers what the future looks like.  LISTEN ABOVE See omnystudio.com/listener for privacy information.