I noticed in the comments Dima said he couldn’t find news on the dairy auction overnight … so here it is!
- The global dairy trade auction saw a big price decline
- Overall index down -4.9% in US dollars and down -6.3% in NZ dollars
- Takes the overall index back to levels last seen in January 2013
- Prices in NZ dollars are now 31% below the same time last year
- Biggest falls were for butter and cheese, but wholemilk powder also fell sharply
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