Prices for raw materials are also rising in New Zealand. It is expected that the commodity grains willrise by 25% to 30% next season, after a run of poor seasons.
He expects dairy demand for
grain by farmers will grow significantly, as many will use supplementary feeds
to extend their milking season following a higher dairy payout forecast by
Fonterra. He says price negotiations for next season will begin in the next
couple of weeks.
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