The recently released quarterly review from the New Zealand Global Dairy Trade auction platform show that international dairy product prices increased on average by 47% in 2016 to reach a 30-month high in December 2016. From July 2016 the average price of full-cream milk powder increased by 68% and skimmed milk powder by 38%. At the latest auction held on 17 January prices were 0,6% up on the previous sale. The main reasons for higher prices are quoted as increased Asian demand and a lower supply.
Published on Monday, 23rd January 2017 - 11:11