The effect of this good news was increased confidence on-farm.
Meanwhile, Fonterra's annual results will be released next Friday, and the board and management team were hoping to get out on the road to meet with farmers and answer any questions they may have, Swales said.
Listen below:
"We always get a really good turn out for the annual results meetings."
She encouraged farmers to head to the Farm Source website events section to RSVP to the invitation.
Fonterra hoped New Zealand's Covid-19 alert levels would be lower than they are now, in order to host a large gathering, but if that wasn't possible, the co-op would change tack and hold a series of online meetings instead, Swales said.
"Obviously we'll keep our farmers updated as things become clearer."
Also in today's interview: Swales talked about her home baking efforts during lockdown in Victoria - which she admitted were a bit "hit and miss".