The futures market is predicting milk powder prices to drop in response to the coronavirus outbreak
After some rough years, dairy farmers in Minnesota might finally being seeing milk prices rise. (Photo: Dave Schwarz, dschwarz@stcloudtimes.com)
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.

Keith Poulsen’s jaw dropped when farmers showed him images on their cellphones at the World Dairy Expo in Wisconsin in October.

You may be interested in

Related
notes

Most Read

Featured

Join to

Follow us

SUBSCRIBE TO OUR NEWSLETTER