Dairy prices have fallen to their lowest level since August 2016 and economists are signalling there could be more price weakness to come. If the forecasts prove correct, the extra milk would put further downward pressure on dairy prices, he said. Auction prices would now have to rise significantly in 2019 to make that figure achievable. Yesterday, the Dairy Companies Association of New Zealand (DCANZ) said news that the review of the China-New Zealand FTA was unlikely to result in improvement for the New Zealand dairy industry. However, five years would be a long time for New Zealand dairy exporters to be at a tariff-rate-driven commercial disadvantage.

Source: Otago Daily Times November 07, 2018 15:33 UTC