date:Apr 07, 2016
Milk prices rallied, a little, at the GlobalDairyTrade auction, but did little to change the downbeat mood in the dairy market.
Milk prices at the benchmark auction, which is run by top-exporter Fonterra, rose by 2.1% from the last event two weeks ago.
Prices for whole milk powder, the most-traded product, rose by 1.5%, where analysts had been expected a slight drop in prices, based on the New Zealand futures market.
Steady prices
But despite the slight uptick, prices are still barely change