Whole milk powder prices take another hit

(Image: Unsplash)

Wed, 17 Jul 2024

Global dairy prices have squeezed out a small gain despite whole milk powder taking another hit.After a 6.9% drop across the board at the last auction, expectations had been for another fall at the latest Global Dairy Trade (GDT) auction overnight.It was the largest drop since August last year and the second consecutive auction in which dairy prices had dropped.However, the GDT price index rose 0.4% to an average price of US$3,837 (NZ$6,344) a metric tonne.That’s despite a 1.6% drop for whole milk powder (WMP) – which makes up more...

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