Better than expected Global Dairy Trade gain

Tuesday’s fourth-in-a-row rise in prices in the Global Dairy Trade (GDT) auction has been interpreted as a continuing price rally due to cyclone damage to pasture and crops in New Zealand, the world’s top dairy exporter.

Better than expected Global Dairy Trade gain
Thu, 04 May, 2017 - 01:00

Tuesday’s fourth-in-a-row rise in prices in the Global Dairy Trade (GDT) auction has been interpreted as a continuing price rally due to cyclone damage to pasture and crops in New Zealand, the world’s top dairy exporter.

New Zealand dominates the global trade in whole milk powders, and the price of this commodity increased by 5.2% in Tuesday’s auction.

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