The Country 27/07/23: Nathan Penny talks to Jamie Mackay

Published: July 27, 2023, 1:16 a.m.

Westpac\u2019s rural economist has slashed his farmgate milk price forecast for the 2023-24 season by $1.10 down to $7.80/kg MS.\xa0He\xa0had been very bullish previously with a near-$9 expectation, but said the main reason for hacking the forecast is ongoing sluggishness in the Chinese economy. Plus, we ask about plunging\xa0red meat prices.

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