Extra milk deflates DairyTrade auction

Aug 4, 2021 | Commodities

4.8.21 Dairy prices fell for the eighth consecutive auction this week. Westpac senior agriculture economist Nathan Penny said the recent falls as a reflection of very strong New Zealand production and a Delta variant-led deterioration in the global demand outlook. “Fundamental developments over recent months have been negative for our milk price forecast,” said Mr Penny. […]

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Extra milk deflates DairyTrade auction

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