date:Oct 22, 2015
milk powder, with a decline of 4.5%.
Disappointment
The falling prices surprised observers, although New Zealand whole milk futures have edged down over the same period.
I think the overall expectation was that wed continue to see whole milk powder move higher, John Spainhour, of Chicago-based commodity broker Rice Dairy told Agrimoney.com, terming the price drop a disappointment.
After strong gains in the previous four auctions, and increasing evidence of a drop in New Zealand production, w