Dairy prices up, Chinese dairy demand still uncertain
Dairy auction prices on the Global Dairy Trade platform posted solid gains, but Westpac NZ remains cautious on prospects for the Chinese economy and associated Chinese dairy demand.
Dairy auction prices on the Global Dairy Trade platform posted solid gains on 16 January. Overall prices were up 2.3%. Key prices for whole milk powder (WMP) gained 1.7%. According to chief economist Kelly Eckhold of Westpac NZ, the result was broad based and followed on from a similarly strong initial auction for 2
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Zana
van Dijk
Chris
Mccullough
Samaneh
Azarpajouh
