Covid fears drive dairy stockpiling

Covid fears drive dairy stockpiling
Rebecca Howard
Global dairy prices held up in the overnight auction as some buyers jostled to shore up supply against a backdrop of rising covid-19 cases in key markets While the Global Dairy Trade price index eased 0.7 percent, the result was better than expected with whole milk powder prices lifting 0.6 percent to an average price of US US$3,218 per tonne after jumping 14 percent in the prior auction. Prices were higher for shorter-dated contracts which indicates “short terms needs are filled for now,” said NZX senior dairy analyst Amy Castleton. “...

More Primary Sector

Sanford fishes up highest net profit in 10 years
Primary Sector

Sanford fishes up highest net profit in 10 years

David Mair has been its boss for just over a year.

Riley Kennedy 15 May 2025
The cheese deal with Fonterra that 'really kick-started' Bega
Primary Sector

The cheese deal with Fonterra that 'really kick-started' Bega

The owner of Vegemite now wants to get its hands on Fonterra’s brands.

Riley Kennedy 13 May 2025