for_the_first_time_in_three_years_milk_powder_did_55a6bbab6c_6.jpg Whole milk powder jumped 8.4% to US$3,027 a tonne. Offer volumes for whole milk powder were down on the previous event, even though they were up 19% on the previous year, NZX dairy analyst Robert Gibson said in a note. Butter rose 4.2% to US$4,445 a tonne, while skim milk powder gained 3.9 %to US$2,534 a tonne. "Skim milk powder offer volumes leading into this event were down on the previous event, but up on the previous year," Gibson noted. Bucking the trend, butter milk powder declined, sliding 3.1% to US$3,158 a tonne.

Source: Otago Daily Times February 06, 2019 19:07 UTC