Posts Tagged ‘GlobalDairyTrade’

Meat and dairy prices off their peak for now, but outlook positive

March 19, 2012

The recent fall in Fonterra’s GlobalDairyTrade on line auction for the fifth time in six months means global dairy prices have fallen by 9% since last May and by 24% over the season when adjusted for the value of theNew Zealanddollar. The dollar has only just come off historical highs against both theUKpound and the euro, so the combined effect on our dairy, beef and lamb exports has been disappointing to say the least. (more…)