04-12-2013 09:41 AM | China

China stockpiling boosts dairy price rally

Dairy prices at GlobalDairyTrade rose at their fastest since July, boosted by buying from China as a period of low-tariff imports from New Zealand, the top importing country, came into play in earnest.

A GlobalDairyTrade index rose 3.9% at Tuesday's event, its strongest since the July 16 auction, and despite a relatively high sales volume, of nearly 52,000 tonnes.
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