Wed 12 Feb 2020 – Dairy cattle at Greenmount. Picture: Cliff Donaldson
UFU MPI: 33.71 (was 35.18ppl) – New Zealand saw its GDT all product index fall again this week, down 2.8%, following its 2.3% drop at the last event. Milk powders led the decrease, with whole milk powder down 4.2% and skimmed milk powder down 4.8%. Despite an increase for cheddar at the last event, this edged down 1.9% this week. Meanwhile in Europe, milk powders were also down on the Dutch (ZuivelNL) market, with whole milk powder down €250/tonne and skimmed milk powder down €80/tonne. Butter too was down €140/tonne to €5610.
