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Andrew Kelleher: JMI Wealth Director on the latest rise in dairy prices
Dairy farmers won't have much reason to celebrate the latest slight rise in dairy prices.\xa0
Overall prices have risen 2.7% at this morning's Global Dairy Trade auction, the first rise in four months.\xa0
The crucial Whole Milk Powder price is up 5.3%.\xa0
JMI Wealth Director Andrew Kelleher told Mike Hosking that the rise won't change Fonterra's Farmgate Milk Price, which has plummeted from a midpoint of $8 to a mid-point of $6.75 over the past five weeks.\xa0
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