Another drop in international dairy product prices


International dairy commodity prices have dipped again as supply continues to outweigh demand. The only commodities to see a lift in price were skim milk powder (SMP) and buttermilk powder, while whole milk powder (WMP) prices fell 2,9%. NZX Dairy Analyst, Amy Castleton isn’t surprised at the drop. “WMP offer volumes were high at this event, so prices had been expected to come down,” she said. “Ahead of the Global Dairy Trade (GDT) event, the grade and contract of butter had been expected to fall 1,9%, though there has been very little trading in butter futures recently,” she said. Click here to watch the video of Amy speaking more on dairy prices. – News Hub