Kiwi consumers could finally see butter prices fall, thanks to increased global dairy production.
New research from Rabobank shows EU, UK, and US production has been surging, pushing down global prices.
Fonterra's already forecasting a lower farmgate payout than last season.
Fonterra Co-operative Council Chair John Stevenson told Heather du Plessis-Allan the change could be good news for supermarket shoppers.
He says if the surge continues, there'll be an impact on our store shelves.
LISTEN ABOVE

Mike's Minute: We are moving forward into real-world education
02:40

Doug Steel: BNZ Senior Economist on the services sector expanding in the BNZ-BusinessNZ Performance of Services Index
04:45

Shaun White: Highly decorated snowboarder on bringing the Snow League to NZ, upcoming second season
10:54