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GDT prices eased over the holiday period, with the index down 0.5% on December 21 and 3.9% on January 4. Whole milk powder fell about 8% across the two auctions but remains well above the season start.
Analysts say low milk production should keep prices supported, so the decline does not yet threaten Fonterra's NZ$6/kg payout forecast.
farmersweekly.co.nzHugh StringlemanJan 5, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
