Fonterra is today expected to trim its 2017-18 milk price forecast from $6.75 per kg of milk solids, which was set in September. Both overall and whole milk powder prices had dipped more than 9% since September. The full benefit of the dollar's fall was unlikely to be reflected in this season's milk price. Whole milk powder and skim milk powder were up 1.7% and 2.7% respectively. You'll see [retail price falls] with a lag and a smaller magnitude of price fall.''

Source: Otago Daily Times December 06, 2017 15:56 UTC