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John Stevenson: Hopes high at the Global Dairy Trade auction

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Dairy farmers are hoping for a win at the Global Dairy Trade auction following a slip in the latest prices. 

The first auction of the year this morning has overall dairy prices down 1.4% and the price of whole milk powder down 2.1%.

Fonterra Cooperative Council Chair John Stevenson says it's still a great time to be a farmer in New Zealand. 

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