After a major decline dairy prices trended back up for four auctions from August, but the trend is negative again after three successive drops.
And the 10 year index:
After a little hope of recovery more worry for New Zealand dairying and the economy.
Source: Global Dairy Trade
Nelly Smickers
/ 18th November 2015Hardly 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.
kiwi guy
/ 19th November 2015Dead cat bounce.
Global economy is in recession despite official propaganda.