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.
Source: home.nzcity.co.nz
(T1, D1)
