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Dairy farmers will be happy with the news that Rabobank's milk price forecast for 2019/20 remains at $7.15, but there is still a "big season ahead" says Emma Higgins.
Rabobank's Dairy Analyst told The Country's Jamie Mackay that the forecast was "not too surprising".
"There's a long time to go, but at this point in time, that's what our numbers are telling us".
The last six Global Dairy Trade Auctions have seen a reduction in Whole Milk Powder (WMP) which is the key ingredient in setting the milk price. Mackay asked if Higgins was "defying gravity" with a $7.15 forecast.