Main dairy trade index jumps by 11.4%

Since May, EU milk production fell behind 2015 levels, helping to boost markets.

Yesterday’s 11.4% rise in the Global Dairy Trade Index supported Rabobank’s prediction that the global dairy market rally will continue well into next year, driven by tightening world supply.

At GDT’s leading global auction for trading large volume dairy ingredients, this was the largest increase since the middle of August, taking the index to its highest level for over two years.