The final GDT auction result for the 2017/18 season is a positive end to what has been a challenging year for the dairy industry.

Fonterra Chairman John Wilson spoke to The Country's Jamie Mackay about Tuesday night's GDT auction and the prospect of a good forecast payout for 2018-19.

The GDT price index rose 1.9% from the previous auction two weeks ago and whole milk powder gained 0.2% to US$3,226 a tonne.

"It's good to see a good strong balanced GDT," says Wilson, who reports Fonterra farmers are "happy with how their farms are."

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Also in today's interview: John Wilson talks about international commodity prices for dairy goods and the hunt for Fonterra's new CEO.

Listen below: