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Whole milk powder prices at the GDT auction rose nearly 20%, reaching their highest level in over two years. Economists raised farmgate milk price forecasts after Fonterra revised its 2016/17 production estimate lower because of heavy October rain in key dairy regions.
Wet-weather-driven production cuts and stronger Chinese demand signal a tighter market, supporting higher milk prices and farm payouts.
nzherald.co.nz1 nov 2016Tras 32 eventos alcista de clima pasados, Leche (Clase III) se movió una mediana de +0,1 % en 5 sesiones (50% al alza; mitad central entre -0,7 % y +3,4 %), y +3,2 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Heavy October rain cut NZ output expectations and WMP rose nearly 20%, tightening global supply and supporting US dairy prices.
Whole milk powder jumped nearly 20% to a two-year high on lower NZ production estimates from heavy rain, a supply-driven global price shock.
