date:Sep 17, 2015
which was indicating a price rise of 10-15% for whole milk powder compared to the last auction.
Demand returns
Milk powder prices have been recovering since Fonterra announced it was cutting the amount of product it was making available on the GlobalDairyTrade platform.
Prices on GlobalDairyTrade are now up 48% from a 13-year low reached two months ago.
Thomas Bailey, dairy analyst at Rabobank, said that the buyers had finely found a reason to enter a market.
These low prices that we saw h