• Chinese forward import price of dairy products increased due to RMB weakness.
  • Southeast Asia and middle east are the main buyers in last GDT auction.
  • New Zealand dairy prices were supported by strong demand from Japan and South Korea.

New Zealand

  • Driven by the GDT auction results, the price of whole milk powder rose again, while the price of skim milk powder retreated.
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USA

  • U.S. butter was volatile, rebounding strongly after a sharp sell-off last week.
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Europe 

  • European milk powder and butter prices remained upward.
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