date:Sep 25, 2015
upturn.
Globally, New Zealand, the worlds largest dairy exporter, and China, a key dairy importer and consumer, tend to set the tone for the market, which ultimately affects U.S. dairy product prices because exports also are key for the United States. AgriMoney reported that prices at last weeks Global Dairy Trade auction, run by New Zealands dairy firm Fonterra, were up 16.5% from the prior auction two weeks earlier, up 48% from 13-year lows in July and the highest since early April.
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