Milk Price Record Beckons, But Mind Costs
We noted a couple of months ago that the balance of risks to domestic milk prices had swung upwards. Since then dairy product price outcomes have added to the case. This includes the latest GDT auction overnight where prices rose 1.9%, with gains across all major product groups.
Inflating Prices…and Costs
Primary sector prices are generally strong. Not for every product it must be said, but certainly for the major products. Performance has varied by market and by sales channel as numerous factors have come into play. For many major product categories, prices are above their 5-year average and some materially so.