Whole milk prices soar 21%, highest in 7 years

Wed, 03 Mar 2021

Whole milk powder prices soared 21% in the overnight Global Dairy Trade auction on surging demand from China.“This result was well above market expectations. Though another increase had been anticipated, it was certainly not to this degree,” said NZX senior dairy analyst Amy Castleton.WMP prices are now US$4,364, the highest level in seven years.The GDT price index rose 15% to an average selling price of US$4,231 a tonne. The index covers a variety of products and contract periods and is viewed by the dairy industry as a market refe...

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