Whole milk powder may rise in next week's GlobalDairyTrade auction

Thu, 01 Dec 2016

By Tina Morrison Dec. 2 (BusinessDesk) - The price of whole milk powder, New Zealand's key commodity export, may rise for the fourth straight auction on the GlobalDairyTrade platform next week on the expectation future European milk production will be crimped by environmental curbs. Whole milk powder futures for December last traded at US$3,480 a tonne, a 2.1 percent premium to their previous GDT level and implying prices will advance at Tuesday night's auction, according to AgriHQ senior dairy analyst Susan Kilsby. Prices for whole mi...

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