date:Apr 21, 2016
e by just 0.3%, while prices for cheddar cheese fell by 3.9%.
Strong increase
This was a strong increase for whole milk powder, said John Lancaster, dairy analyst at FC Stone, adding that it was a little bit higher than we were expecting.
But Mr Lancaster warned that it was hard to read too much into a single auction.
Global dairy markets still remain marked by heavy production, and sluggish demand.
Resilient New Zealand output
Production in New Zealand is the top dairy exporter in the wor