CORRECT: Futures signal whole milk powder prices will snap two declines at this week's GDT

Mon, 17 Oct 2016

(Corrects magnitude of gain expected in second paragraph.) By Tina Morrison Oct. 17 (BusinessDesk) - The price for New Zealand's key dairy product, whole milk powder, is expected to rise at this week's GlobalDairyTrade auction after two consecutive declines, according to traders who are pricing in a lift on the NZX futures market. Whole milk powder futures for October last traded at US$2,800 a tonne, a premium to their previous GDT level and implying prices will advance 2.5 percent at Tuesday night's auction, according to AgriHQ senior...

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