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Rabobank's latest Dairy Quarterly Report will give farmers something to smile about says Emma Higgins.
Rabobank's dairy analyst told The Country's Jamie Mackay that stalling world production combined with increased demand is a good news double.
"We called it at the end of last year, we said things are going to improve".
With global supply being tight, there is less product available to export and now New Zealand's season has joined this trend said Higgins.