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Dairy prices hit six-year low on slump in demand

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Many market participants anticipate prices to recover later in the year as Chinese processors return to the market.

Wellington

INTERNATIONAL dairy prices fell to their lowest in nearly six years due to an ongoing slump in demand from major importers including China, although losses in milk powder prices eased after hefty losses seen in past months.

The benchmark GlobalDairyTrade (GDT) price

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