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Dairy prices rose slightly at the latest GDT auction, the ninth consecutive gain and the highest level in nearly two years. The average price was up just under 1% to US$3,483 a tonne.
Whole milk powder fell 1.3%, while butter and cheese rose strongly.
A ninth straight GDT gain indicates firming global dairy demand and pricing. The effect on feed markets is limited.
rnz.co.nzTe Reo Irirangi o AotearoaApr 2, 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.
