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.
Local cheese maker Rowan Cooke was devastated when he heard King Island Dairy would be shutting down.
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