Dairy product price index posts first gain in five auctions
Dairy product prices rose, advancing for the first time since January and bolstering optimism about the outlook for demand as the world continues to grapple with covid-19. The GDT price index rose 1.2 percent from the previous auction three weeks ago. The average price was US$2,9...
Dairy prices extend decline led by milk powders
Prices dropped for the fourth straight time at the Global Dairy Trade auction amid concern the ever-spreading covid-19 virus will cut global demand.Even so, the decline was not as much as some had expected. The GDT price index fell 3.9 percent from the previous auction two weeks...
Dairy prices extend retreat as coronavirus clouds outlook
Dairy product prices declined for the third consecutive time at the Global Dairy Trade auction, though analysts noted the drop was not as large as some had anticipated. There were “expectations of a bigger fall,” Bank of New Zealand economist Doug Steel said in a note.“Covid-19 f...
Coronavirus concern hits dairy prices
Dairy prices fell for the second straight time at the Global Dairy Trade auction amid concern about the spreading coronavirus. “The fall in dairy prices could trigger a round of downward revisions to analysts’ dairy payout forecasts, with the bottom of Fonterra’s current $7.00 to...
