Dairy prices start 2021 with a bang

Wed, 06 Jan 2021

A hefty rise in global dairy prices will see the kiwi dollar push higher as demand for New Zealand's main export commodity remains strong.Dairy commodity prices jumped 3.9 percent at the Jan. 5 Global Dairy Trade event overnight, with whole milk powder lifting 3.1 percent and skim milk powder up 4.1 percent.“Dairy commodities have started 2021 with a bang,” said NZX senior dairy analyst Amy Castleton.“This whole milk powder price is higher than any result seen at GDT through 2020. Strong demand across all contract periods...

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