Global dairy prices resume decline
Update: Westpac again downgrades milk price forecast.
Nevil Gibson
Wed, 07 Aug 2019
Dairy prices resumed their slide in Fonterra’s overnight GlobalDairyTrade auction.
The GDT Price Index fell 2.6% to $US3523 a tonne, clawing back nearly all of the previous auction’s lift of 2.7%.
Benchmark whole milk powder eased 1.7% to $US3039/t. It accounted for about 55% of the
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Nevil Gibson
Wed, 07 Aug 2019
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