United States investors betting that a loosening of China’s one-child policy will boost demand for milk have won access to directly trade dairy futures in New Zealand, the world’s biggest milk exporter, the Wall Street Journal reported Monday. US commodity futures regulators are allowing US investors to trade options in a range of milk products including whole and skim milk powder for the first time. Previously, they could only participate in the NZX Dairy Futures Exchange through a third party. The move comes as foreign investors are increasingly seeking access to New Zealand’s dairy industry as Asian consumers, particularly Chinese families, turn to higher-protein diet, the report said.
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