Wet, wild weather pushes up dairy future prices amid fears of production hit

Fri, 07 Apr 2017

By Tina Morrison April 7 (BusinessDesk) - Heavy rains across New Zealand this week have pushed up the price of NZX whole milk powder futures, as traders anticipate slower grass growth will dent future milk production. NZX whole milk powder futures contracts for April through November lifted yesterday, signalling prices will gain at the next GlobalDairyTrade auction overnight on Tuesday April 18, OMF said in a note. The April contract rose US$65 to US$2,995 a tonne, May increased US$75 to US$3,000 a tonne, contracts from June through Augus...

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