Podcasts Other The Mike Hosking Breakfast Andrew Kelleher: JMI Wealth Director on diary prices continuing to rise

Andrew Kelleher: JMI Wealth Director on diary prices continuing to rise

Published: Oct. 17, 2023, 6:08 p.m.

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Dairy prices are continuing their upward trend.\\xa0

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Overall prices are up a further 4.3% at the latest Global Dairy Trade auction overnight, with the all-important Whole Milk Powder price up 4.2%.\\xa0

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It\'s the fourth consecutive rise, with prices now 17% higher than they were back in August.\\xa0

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Prices are 38% lower than the record high reached last year, but JMI Wealth Director Andrew Kelleher told Mike Hosking that dairy farmers have reason to celebrate.\\xa0

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He says the rising prices support Fonterra\'s decision to lift its forecast Farmgate Milk Price for this season.\\xa0

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