China dominates buying in overnight dairy auction

Whole milk powder prices lifted 0.4% to US$4,097 a tonne.

Wed, 21 Apr 2021

Chinese buyers were out in force in the overnight dairy auction with North Asia stepping in to buy the vast majority of product on offer.Whole milk powder (WMP) prices lifted 0.4% to US$4,097 a tonne while the Global Dairy Trade (GDT) price index eased 0.1%. The average price was US$4,110 a tonne and 25,040 tonnes of product was sold.“Compared to the equivalent event last year, North Asia significantly increased the volume of whole milk powder purchased,” said NZX dairy analyst Stu Davison.North Asia also controlled demand for skim...

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