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2 Apr 2020 16:54
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  •   Home > News > Business

    The futures market is predicting milk powder prices to drop in response to the coronavirus outbreak

    The futures market is predicting milk powder prices to drop in response to the coronavirus outbreak


    The deadly virus has thrown financial markets into reverse after a strong 2019.

    ASB senior rural economist Nathan Penny says tonight's Global Dairy Trade auctions will show exactly how milk powder will be affected.

    But he says the market's pointing to a five to 10 percent drop in prices.

    He says dairy markets are nervous about the potential price drop - because China has the biggest dairy market in the world.

    © 2020 Newstalk ZB, NZCity


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