Westpac analyst Nathan Penny expects the strength of New Zealand’s spring production will now provide fresh impetus for prices with growing conditions good in the Waikato and Southland, and Canterbury conditions improving after a relatively cold winter. All up, Westpac reckons the global dairy market is largely balanced at this point, with prices settling at a healthy level. They are sticking with the farmgate milk price forecast for 2021/22 of $7.75/kg of milk solids