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NZ Dairy Update: No news is good news
Dairy auction prices were steady overnight. Whole milk powder (WMP) prices were flat, while overall prices lifted a touch (up 0.3%). Notably, this result cements the big price gains over March. WMP prices are now up 28% over 2021. Looking back to 2020, WMP prices now sit 44% higher than as at the same auction last year. Five out of seven products posted price gains. Butter milk powder (BMP) prices led the way jumping 17.6% (note BMP is only offered in the first auction of the month). Cheddar and butter posted solid gains of around 2%, while anhydrous milk fat and skim milk powder price nudged higher (up 0.8% and ... (full story)