News Snapshot:
Weaker Chinese demand weighs on dairy auction amid Covid-19 disruption Dairy prices slipped for a second consecutive global auction, following weaker demand from China due to disruptions and lockdowns as the country battles an outbreak of Covid-19. The Global Dairy Trade price index dropped 1 per cent to 1564 at the overnight auction. That follows a 0.9 per cent decline at the previous bimonthly auction. Dairy prices have risen steeply at auction this year, pushing the index to record levels, as tight supply underpins demand. However at the latest auction, demand weakened from China, the world’s largest dairy market, as...
