Dairy product slipped at the Global Dairy Trade auction, declining for the first time since March. "Whole milk powder has been selling regularly over recent months, so some buyers have sufficient coverage for now," AgriHQ dairy analyst Susan Kilsby said in a note. "The quantity of whole milk powder sold to North Asia was less than seen at recent events." "Skim milk powder (SMP) prices continued to show some strength," Ms Kilsby noted. Prices for European SMP and US non-fat dry milk have continued to lift, which has provided support to Oceania prices."

Source: Otago Daily Times June 20, 2017 22:52 UTC