Whole milk powder likely to be flat at next week's GlobalDairyTrade auction

Thu, 15 Dec 2016

By Tina Morrison Dec. 16 (BusinessDesk) - The price of whole milk powder, New Zealand's key commodity export, is likely to be little changed on the GlobalDairyTrade platform next week as more product is offered at auction. Whole milk powder futures for December last traded at US$3,580 a tonne on the NZX, implying prices will edge up 0.3 percent at Tuesday night's auction, according to AgriHQ senior dairy analyst Susan Kilsby. Prices for whole milk powder on GDT have increased 74 percent since early July amid declining milk production a...

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