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The Global Dairy Trade price index eased 0.6% at the latest auction. Whole milk powder and anhydrous milk fat fell, while skim milk powder jumped 5.5% to an average of US$2051 per tonne on short New Zealand supply.
Weak whole milk powder and butter results point to soft global dairy pricing, while strength in SMP reflects tight supply in certain markets.
farmersweekly.co.nzRNZMar 6, 2018Not 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.
