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

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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.