Just a quickie to update Adam's headline from earlier, ASB has raised its forecast for Fonterra's 2015-16 milk price payout forecast to $5/kg
- ASB's prior forecast was at $4.50/kg
- ASB say they see production volumes falling this season by 5%
- ASB also note that at $5 the payout would be higher than that forecast most recently by the RBNZ, which may shift the next rate cat from October out to December