GlobalDairyTrade (GDT) prices appear to have bottomed out in the last six weeks as dry weather threatens production.
The central bank expects whole milk powder, which is NZ's dominant dairy export, to rise to US$3,200 a metric tonne by early 2016.
Latest GlobalDairyTrade auction results.
Prices weighed down by expectation global milk flows will remain strong for some time.
Shareholders' Fund should be able to raise its 2015 dividend forecast.
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