RESEND: Whole milk powder set to fall at GlobalDairyTrade auction overnight

Tue, 07 Feb 2017

(Fixes garbled numbers in third paragraph) By Sophie Boot Feb. 7 (BusinessDesk) - The price of whole milk powder, New Zealand's key commodity export, is likely to decline on the GlobalDairyTrade platform overnight, although some analysts say there's no downward trend. Whole milk powder futures for February last traded at US$3,210 a tonne on the NZX, implying prices will slip 1.4 percent at tonight's auction, The February whole milk powder contract on the NZX futures market last traded at US$3,210 a tonne, down from US$3,255 a tonne...

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