Global dairy prices plunge to 3 month low largest drop since August – RNZ 3 July 2024

Summarised by Centrist 

Global dairy prices dropped nearly 7% to just under US$3,800 (NZD$6,250) per tonne, the largest decline in nearly a year, reaching a three-month low. Key products, including whole milk powder and butter, saw significant price falls due to increased product availability and market uncertainty. NZX dairy analyst Rosalind Crickett highlighted bearish factors contributing to the decline.

Read more over at RNZ