Kiwi farmers are not the only ones nervous about their future as a result of politicians throwing them under the…
Dairy prices fell overnight in Global Dairy Trade (GDT) auction, reversing the lift in the previous event.
The 2.7% jump in last week’s Global Dairy Trade overall price index – with a 3.6% bounce in whole milk powder – was a surprise, economists agree.
Dairy prices ended their recent slide in last night’s GlobalDairyTrade auction, with the price index lifting 2.7%.
Banks are mainly holding firm on their forecasts of $7/kgMS despite last week’s flat Global Dairy Trade result – a small decline of 0.4% in the overall price index.
Economists are still sticking to a 2019/20 season forecast of around $7/kgMS despite the 3.8% drop in the Global Dairy Trade overall price index last week.
Was last week’s 3.4% drop in the Global Dairy Trade overall price index a warning sign or a temporary dip? Economists are divided.