Tuesday, August 2, 2016

UPDATE 2-Global dairy price bounce could point to ongoing recovery

* Global dairy prices rise 6.6 pct, most since Oct 2015

* Result could point to ongoing recovery - analysts

* NZ dairy farmers cautiously optimistic - industry group

chairman

(Adds analyst and industry comment, survey data)

By Charlotte Greenfield

WELLINGTON, Aug 3 (Reuters) - A strong bounce in global

dairy prices on Wednesday suggested dairy might finally be

beginning to recover, giving hope to beleaguered farmers.

A Global Dairy Trade auction held in the early hours of

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