Spot price forecast
Over the past fortnight, the spot price in the upper North Island has sat around 10.8 cents ($0.108).
Our forecast suggests that this will drop to 10.5 cents ($0.105) over the coming month.
We’ll keep updating you on the forecast as these dry conditions continue.
This seems a bit dubious given the futures market for July and August is suggesting prices will increase rather than decrease (to about 14c). Also spot prices today have been over 30c for most of the morning.