New Zealand: The first decline in dairy product prices in 4 months

Dairy

New Zealand

Market & Price Trends

Published Mar 6, 2024

Tridge summary

The New Zealand Global Dairy Trade exchange has reported a decrease in dairy product prices for the first time since November 7, 2023, with the general price index falling by 2.3%. The most significant drop was in skimmed milk powder prices, which fell by 5.2%, while lactose prices increased the most, by 4.8%. The volume of dairy products sold also fell, with 21,235 tons sold, a decrease of over 3,000 tons from the previous auction. This trend mirrors a similar decline in average milk purchase prices in Poland, which fell by 2.1% in January compared to December 2023.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Quotations of dairy products on the New Zealand Global Dairy Trade exchange fell for the first time since November 7, 2023. The previous six sessions ended in positive territory. Session of March 5 this year on the Global Dairy Trade stock exchange ended in negative territory for the first time, after 4 months of continuous increases in dairy product prices on the New Zealand stock exchange. This time the value of the general price index decreased by 2.3%. The reduction in the general price index translated into a decline in the prices of exactly half of the dairy product categories offered. The largest reduction was recorded in the case of skimmed milk powder (-5.2%). However, the largest increase occurred in the case of lactose (+4.8%). A clear decline in the sales volume of dairy products At the last GDT session, 21,235 tons of dairy products were sold, which was a result of more than 3,000. ton lower compared to the previous auction. The results of the last GDT session are as ...

Source: Farmer.pl