Some focus points in the dairy market – Chinese buyers pulled back on the latest dairy auction on 19 June, but Southeast Asian and Middle Eastern buyers took up the slack. Meanwhile, 18 US farms have so far received federal funds to combat an outbreak of the H5N1 avian flu virus and NZ dairy giant Fonterra announced its opening forecast. Overall prices remain around 10% or so above their long-term averages, according to chief economist Kelly Eckhold at Westpac NZ: “Some upside risk to our
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