Milking dairy cows © Tim Scrivener© Tim Scrivener
The global dairy trade auction, an indicator of dairy market sentiment saw its third consecutive rise on Tuesday (18 May), increasing by 3.1%. The rise – the largest of the three, was buoyed by the strong performance of the auction’s two most traded commodities, skim milk powder (SMP) and whole milk powder (WMP). See also: Look to future markets to cut volatility, farmers told SMP experienced a significant price rise of 7.1%, to US$2,044/t (£1,602.50/t), while WMP rose by 3.5% to a […]
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