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

Fri, 02 Sep 2016

By Jonathan Underhill Sept. 2 (BusinessDesk) - The price of whole milk powder may rise for the fourth straight auction on the GlobalDairyTrade platform next week, the NZX futures market suggests, in a further sign that global supply and demand are coming back into balance. Premiums in the futures market suggest whole milk powder will rise between 5 percent and 7 percent at next week's auction, according to OMF, adding to a jump of almost 19 percent at the Aug. 16 sale that took the price to US$2,695 a tonne, the highest since October las...

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