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Fonterra cut its 2016/17 season milk supply forecast to minus 7% after a very wet spring cut October collections in Waikato by 14%. The GDT auction index rose 11.4%, with whole milk powder up 19.8% as Chinese buyers competed for supply.
A sharp New Zealand supply shortfall in the world's largest tradable WMP supplier tightens global dairy supply and lifts prices, improving farmgate payout expectations.
farmersweekly.co.nzHugh Stringleman3 nov 2016Na 32 eerdere opwaarts weer-gebeurtenissen bewoog Melk (Class III) zich mediaan +0,1% over 5 sessies (50% hoger; middelste helft -0,7% tot +3,4%), en +3,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Fonterra's supply forecast cut to -7% after wet weather cut Waikato October collections by 14%, combined with Chinese buying at GDT, tightened global supply and supported dairy prices.
A 14% drop in Waikato October collections and a lower Fonterra forecast, with Chinese buyers competing, tightened export supply and boosted global prices.
