Wednesday, 23rd May, 2018

The new Government’s Budget came and went with few ripples, with a focus on maintaining a sound fiscal position.

Meanwhile, the Global Dairy Trade auction showed that butter prices are on a charge, bringing the prospect this Thursday morning that Fonterra nudges up its milk price forecast for the current season and starts off with a $6.50+/kg forecast for the new season.

The US Fed’s meeting minutes and Chairman’s speech will be the week’s main highlights.

 

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