23 minutes ago
New Zealand dairy giant Fonterra has sent a strong signal to its competitors with its latest price step up.
The company yesterday increased prices for buttermilk and protein, taking the average farmgate price to more than $6.60 a kilogram of milk solids.
Fonterra director Bruce Donnison says his company's on track for a $7 a kilogram closing price.
"We still see strong demand and that bodes well for not only the end of this year but going into next year," he more