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Global Dairy Trade prices rose 4.6% at the 18 January auction, with whole milk powder up 5.6%, and global dairy prices reached their highest level since March 2014. Westpac said dry weather in New Zealand and sluggish production in the EU and US were tightening supply.
Global dairy prices at multi-year highs, driven by tight milk supply in major exporting regions, lift the cost of dairy-based feed ingredients. Buyers should expect firm pricing to persist in the near term.
dairyglobal.netRené GroeneveldFeb 2, 2022Not 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.
