close
Share with your friends

Dairy product price index posts first gain in five auctions

Dairy product price index posts first gain in a while

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

1000
Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

Contact

Also on home.kpmg

dairy-index

[08 April, BusinessDesk, Farmers Weekly]

Dairy product prices have risen for the first time since January amidst the global impacts of Covid-19. The GDT price index rose by 1.2%, however only 20,302 tonnes of product was sold compared to 24,209 tonnes three weeks earlier. Bank of New Zealand Market Strategist Jason Wong stated that the auction had stronger results than expected. New Zealand is reaching the end of its dairy season, meaning that product availability is limited, so the rise in prices displays that demand is higher than the level of product available. Whole milk powder climbed 2.1% to USD$2,820 (approx. NZD$4,740) a tonne. North Asia, South East Asia and Oceania all purchased more product that they did at the previous event.

To read this week's full edition of Field Notes, please click here.

To read the full original article, please click here.
 

 

© 2020 KPMG, a New Zealand Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal