GlobalDairyTrade auction prices may be flat, OMF says

Tue, 17 May 2016

By Tina Morrison May 17 (BusinessDesk) - The price for New Zealand's key dairy product, whole milk powder, may be relatively flat at tonight's GlobalDairyTrade auction, according to traders who track the NZX futures market. The July whole milk powder contract was the sole contract to trade yesterday, closing unchanged on 50 lots at US$2,280, according to OMF's New Zealand dairy futures report today. Futures contracts from May through September last traded slightly ahead of their GlobalDairyTrade equivalents, "predicting a slight rise for...

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