 "Dairy")
A rise in the price of value added products such as cheese, butter and skimmed milk powder (SMP) is set to help dairy companies’ revenue via higher export in the next two quarters.
Data compiled by the Food and Agricultural Organisation of the United Nations show its Dairy Price Index at 215.2 points in May, up 11 points (5.5 per cent) from April and the fourth month in a row for the index rising, primarily due to tight supplies from New Zealand. The index value was 11.5 per cent higher than in May 2017, though 22 per cent below
Data compiled by the Food and Agricultural Organisation of the United Nations show its Dairy Price Index at 215.2 points in May, up 11 points (5.5 per cent) from April and the fourth month in a row for the index rising, primarily due to tight supplies from New Zealand. The index value was 11.5 per cent higher than in May 2017, though 22 per cent below
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