Dairy product price index posts first gain in five auctions

Wed, 08 Apr 2020

Dairy product prices rose, advancing for the first time since January and bolstering optimism about the outlook for demand as the world continues to grapple with covid-19. The GDT price index rose 1.2 percent from the previous auction three weeks ago. The average price was US$2,969 a tonne, compared with US$2,980 a tonne three weeks ago. Some 20,302 tonnes of product was sold, down from 24,209 tonnes three weeks ago.“This is the first lift after four consecutive falls, and a better result than had been expected,” NZX senior dairy analyst A...

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