Dairy product prices seen steady-to-easing at GDT auction

Mon, 18 Jun 2018

By Margreet Dietz June 19 (BusinessDesk) - Dairy product prices are expected to slip at the Global Dairy Trade auction overnight amid a pick-up in supply, even as global trade tensions appear to benefit demand for New Zealand dairy products. Indeed, favourable weather helped New Zealand milk processors collect record levels of milk in the last two months of the 2017/18 season, according to Dairy Companies Association of New Zealand data. ANZ Bank New Zealand research analysts predict “further price slippage” at the June 19 GDT auction...

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