Dairy prices on fire in most recent global trade auction - but will it last?
- ZISK
- 5 hours ago
- 1 min read
Much to the benefit of New Zealand, whole milk powder is faring better than other global commodities like crude oil at the moment, despite ongoing geopolitical uncertainty.
The global dairy trade auction late last week was the second since “Liberation Day”, when US President Donald Trump slapped baseline 10% tariffs on all its trade partners and more still on selected countries, a move that caused markets to veer wildly.
But the fortnightly auction saw dairy prices buck seasonal trends and lift 4.6% over the same time in mid-April, when they had gained 1.6% over two weeks prior to that. Average dairy prices this time were at US$4516/MT, while whole milk powder, the most important to New Zealand, gained 6.2% on the last auction, at US$4,374/MT.
Alka Prasad
May 11, 2025
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