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Whole milk powder prices jumped nearly 20% at the overnight GDT auction, reaching their highest level in over two years and passing US$3,000 per tonne. AgriHQ said lower volumes drove the spike.
Lower available volumes at the auction support higher dairy commodity prices and farmgate milk price forecasts.
rnz.co.nzNov 1, 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.
