Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.
In its greatest increase since November 2016, the Global Dairy Trade (GDT) price index rose 8.3% on July 8th, supported by a 14% increase in Whole Milk Powder prices. This result is now the fourth increase in a row for the GDT. NZX Dairy Analyst Amy Castleton has commented that these increases were strongest for the near-dated contracts, indicating a strong short-term demand.
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