Chinese demand sees dairy prices hit 7-year high

Chinese demand sees dairy prices hit 7-year high
Rebecca Howard
Strong demand from China saw whole milk powder prices jump to a near seven-year high in the overnight Global Dairy Trade auction, boding well for an even stronger payout this season.“Whole milk powder looks to have really broken out of its shackles at this point, with prices gaining for the seventh consecutive time, completely out-running previous market expectations. Chinese buyers came to the party, keeping demand strong,” said NZX senior dairy analyst Amy Castleton. Chinese buyers, however, weren’t alone.“This ev...

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