GlobalDairyTrade prices may drop for third straight auction

Mon, 20 Mar 2017

By Tina Morrison March 21 (BusinessDesk) - Prices on the GlobalDairyTrade platform may drop for a third straight auction tonight as supply outstrips demand. Futures trading on the NZX this morning indicated whole milk powder prices will slip 3 percent, skim milk powder will drop 6 percent and milkfat products such as butter and anhydrous milk fat will decline between 2 and 3 percent, according to AgriHQ senior dairy analyst Susan Kilsby. Fonterra Cooperative Group, the world's largest dairy exporter, earlier this month announced it wou...

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