Publications: 1
24.01.2024
China's absence failing to keep global dairy prices down
The absence of Chinese processors at dairy auctions is failing to keep global prices down. ASB analyst Nathaniel Keall says he's surprised at the resilience in dairy auction prices. His comments came as the first dairy auctions of the calendar year have got off to a healthy start, with the overall GDT index lifting 2.2% last week after a 1.3% rise a fortnight ago. Most dairy commodities have gained ground, with whole milk powder prices up a little over 4% over the last two auctions. ASB has lifted its forecast milk price for the season by 50c to $7.85/kgMS.