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The Global Dairy Trade index fell 0.5 percent at Tuesday's auction, ending a run of increases since mid-September. Fat prices led the decline while whole milk powder and skim milk powder posted gains.
Analysts expect prices to firm again, so the small fall is unlikely to change the near-term outlook for dairy ingredient costs.
farmonline.com.auCarlene DowieDec 4, 2019Not 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.
