Global Markets Inch Up, Again
Event number 186 of New Zealand’s Global Dairy Trade Auction took place on Tuesday. The total product index moved up 3.1% compared to the last event. Skim milk powder and Cheddar cheese lead the product categories increasing 7.1% and 6% respectively.
Whole milk powder and butter also increased in this week’s auction. Butter moved up 2.9% and whole milk powder moved up 3.5%.
Bringing down the auction’s average was rennet casein which moved lower by 3.8%.
For more information on today’s auction click here.