Demand for whole milk powder remained strong at the latest global dairy trade auction. Demand for whole milk powder remained strong at the global dairy trade auction overnight, boding well for dairy farmers and prompting analysts to upgrade their forecasts for next season. “Whole milk powder demand remains strong, with this auction seeing North Asian buyers back in force, taking back their usual positions as the major buyer,” said NZX analyst Stu Davison. supplied Westpac senior agricultural economist Nathan Penny says he expects global dairy prices to remain strong into next season. “We now expect global dairy prices to remain stronger for longer,” Penny said.

Source: Stuff April 20, 2021 19:53 UTC