MARKET OPEN: China demand for dairy still strong

Wed, 21 Oct 2020

A muted lift in global dairy prices in the overnight auction won’t deter interest in A2 Milk, Synlait and Fonterra as buying from China remains strong.China is by far New Zealand’s largest export destination and dairy products top the export basket.Prices rose 0.4 percent in the Global Dairy Trade auction, with whole milk powder prices up 0.3 percent compared to the prior auction. The lift came despite seasonally higher offer volumes as the NZ dairy season peaks.“Demand from North Asia, the region which includes China, increas...

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