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Whole milk powder prices reached their highest level in over two years at the latest GDT auction, with the index up 11.4%. Analysts said the rally was more durable because it followed a sharp October production drop in the Waikato.
Higher dairy auction prices lift expected farmgate payouts above break-even levels, improving farm cash flow and easing bank pressure on farmers.
nzherald.co.nzJamie GrayNov 2, 2016Not 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.
