date:Jan 17, 2019
nt reference index for large dairy enterprises such as Fonterra in New Zealand to determine the purchase price of raw milk.
Herrier believes that the global dairy index has risen better than expected. He also said that the sharp rise in the price of skimmed milk powder was closely related to the decline in milk production caused by high temperatures in European producing areas.
Global dairy trade platform is composed of international dairy sellers headed by Fonterra. Dairy auctions are usually