New Zealand: Plus for butter, skimmed milk powders fall into the negative

The quotation for fresh butter will increase this week by 3 euros to 668 euros per 100 kilos, excluding VAT. Despite the plus, the quote has been relatively stable for weeks. This also applies to whole milk powder, which this week remains the same as last week with a price of 381 euros per 100 kilos. The ZuivelNL quotation for skimmed milk powder for consumption fell this week by 3 euros to 233 euros per 100 kilos. The same minus is visible for skimmed milk powder for animal feed purposes, which now costs 230 euros per 100 kilos. ZuivelNL charges a minus of 2 euros for whey powder, making this quotation 63 euros per 100 kilos, excluding VAT. Global Dairy Trade is recovering The index of the Global Dairy Trade, the New Zealand internet auction that provides a good indication of world trade, rose by 4 points (0.4 percent) to 1,081 points on Tuesday, July 16. This shows a slight recovery after the index fell by 80 points (-6.9 percent) two ...