Andrew Kelleher: JMI Wealth Director says global events are weighing down global dairy prices
Global events are weighing down global dairy prices.
Overall prices are down 3.6 percent at the latest Global Dairy Trade auction overnight.
The all-important whole milk powder price is down 4.4 percent - while the price of skim milk is down 4.2 percent.
JMI Wealth Director Andrew Kelleher told Tim Dower supply is up, and several factors are pulling demand down.
“Russia-Ukraine conflict, we’ve had the impact of Covid across various markets, there’s economic crisis in Sri Lanka at the moment, but in particular the lockdowns in China.”
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