Global dairy prices have reached their highest point since July 2022.
But increased trade barriers are expected to have ripple effects everywhere -- with Infometrics today slashing its forecast for New Zealand GDP growth from 2.6 percent to 1-percent.
Fonterra Chief Executive Miles Hurrell says we still don't know how China will be affected.
He says because we've come off a low base, demand from China should remain robust over the short to medium term, but the long term is less certain.
