Fonterra's Chairman John Wilson is a happy man today with another lift in the forecast payout for dairy farmers this season.
Fonterra raised its farmgate milk price forecast for the current year to $6.15 per kg of milksolids from a previous forecast of $6/kg, and has pitched its opening milk price forecast for the coming 2017/18 season at $6.50/kg.
The Country's Jamie Mackay caught up with Wilson today to discuss the payout, the effect it has on New Zealand's economy and whether this good news is down to China.
Finally John Wilson discusses the "Trump effect" on dairy - is it real news or fake news?
Have a listen to the full interview in the audio clip above.
