Ups and downs of dairy prices

After a major decline dairy prices trended back up for four auctions from August, but the trend is negative again after three successive drops.

 

DairyAuctionNov2015

And the 10 year index:

DairyAuction10YrTrendNov2015

After a little hope of recovery more worry for New Zealand dairying and the economy.

Source: Global Dairy Trade

Leave a comment

2 Comments

  1. Nelly Smickers

     /  18th November 2015

    Hardly surprising. Because of the trade sanctions on Russia, there is now a mountain of product in Europe looking for a home.

    It’s just a case of NZ having to deal with world supply and demand.

    Economics 101.

    Reply
  2. kiwi guy

     /  19th November 2015

    Dead cat bounce.

    Global economy is in recession despite official propaganda.

    Reply

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