Fonterra's luck seems to have turned around, as they announced a positive revised forecast.
The dairy co-op has lifts its farmgate milk price- with the midpoint up 50 cents, to $7.25 per kilogram of milk solids.
Dairy Insights Consultant Stuart Davison says stronger demand from China is the driving force behind this outlook- but it's unclear how sustainable this demand is.
LISTEN ABOVE

Enda Brady: UK correspondent on the additional calls for Sir Keir Starmer to resign
04:23

Paul Bloxham: HSBC Chief Economist ahead of Australia's 2026 federal budget
04:17

Jamie Mackay: The Country host on what the latest Rabobank agribusiness monthly report means for Kiwi farmers
04:46