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31 Mar 2020 4:20
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  •   Home > News > Rural

    Global dairy prices are down, but there could be a silver lining for New Zealand

    Global dairy prices are down, but there could be a silver lining for New Zealand


    Overall, prices dropped 3.6 percent, much of that due to an 8.5 percent drop
    in butter numbers.

    Whole milk powder dropped 2 percent, and anhydrous milk fat fell almost seven
    percent.

    Rabobank dairy analyst Emma Higgins says European production is having a
    tough time with hot, dry conditions, which are also pushing feed costs up.

    She says data shows northern hemisphere production is slowing, which could
    provide commodity price support if trends continue.

    © 2020 Newstalk ZB, NZCity


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