Comments from NZ dairy giant Fonterra that have given a little kick to the NZD
- "We would like to think global prices are on the way up but we need to be cautious"
- This week's increase in GDT prices "gives us a bit more confidence around" the current 2015-16 forecast payout of NZ$4.60/kg
Comments reported via Bloomberg.
Fonterra will announce the payout on December 10