Final dairy auction for 2017 likely to be mixed, AgriHQ says

Mon, 18 Dec 2017

By Tina Morrison Dec. 19 (BusinessDesk) - The last GlobalDairyTrade auction of the year is expected to produce a mixed result, as the threat of drought in New Zealand pushes up prices for whole milk powder while abundant supplies of skim milk powder in Europe depress prices for that product. "Whole milk powder (WMP) has found support in recent weeks from the dry conditions NZ is currently experiencing," said AgriHQ senior dairy analyst Susan Kilsby. "The extremely hot and dry summer thus far will reduce milk supplies this season and there...

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