date:Oct 21, 2015
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Global dairy demand picked up in the reported quarter.
Prices on the GlobalDairyTrade auction site rallied from their early-August lows, up around 63% by the start of August.
New Zealand dairy futures prices are suggesting prices will edge down from the previous events two weeks ago.
Falling supply
But Tobin Gorey of Commonwealth Bank of Australia said data released by New Zealand milk giant Fonterra would support prices.
Fonterra announced Friday that New Zealand milk collections we