date:Dec 12, 2012
t global conditions, our forecasting anticipates global dairy prices are likely to move higher in the first half of 2013, he added.
Sir Henry van den Heyden, Fonterras chair said that prices on the firms GlobalDairyTrade (GDT) dairy commodities auction had increased by over 17% since August.
While there was a drop at last week's GDT event, it has not changed our overall commodity price forecasts, said van den Heyden.
Fonterra has raised its payout forecast to farmers for 2012/13 by 25% to NZ$