NZD - ANZ have lifted their milk price forecast to $8.20/kg MS (from $7.70)

ANZ have revised their farmgate milk price forecast for the 2021-22 season by 50c to $8.20/kg MS

From ANZ's report (in brief):

• Dairy commodity prices have trended higher as the season has progressed. Often prices weaken at this time of the season, but this season prices have instead firmed.
• ... we don't see further upside in these prices in the immediate term

NZD update:

Earlier re NZD:

• Further rate hikes to come from the RBNZ, cash rate heading to 2.25% (from its current 0.5%)