Bloomberg with the headline
More:
- Their prior was at NZ$5.30
- Wpac citing the "disappointing auction result" overnight (WMP price drop of 11%)
- Wpac do expect some price improvement, say that the the El Nino could see milk production fall
More:
- Payout around $4.50 "will leave many NZ dairy farmers facing a second consecutive season operating with negative cashflows"
- "This has the RBNZ on high alert for any risks difficulties in the dairy sector pose for the wider NZ financial system
