Federated Farmers dairy chairman for South Canterbury Ryan O'Sullivan said Wednesday's world milk price increase was "pretty immaterial" to farmers. World milk price increase immaterial to dairy farmersGerald Piddock Federated Farmers dairy chairman for South Canterbury Ryan O'Sullivan. "With a few exceptions, South Canterbury dairy farmers will suffer a cash loss this season," he said. Some South Canterbury farmers had dried off their herds but the majority were still milking. Fonterra will announce its final farmgate milk price on May 26.

Source: Stuff May 19, 2016 17:56 UTC