Global dairy price dip defies NZ drought

Weakness in global dairy markets was reflected in Tuesday’s steep 3.9% auction fall in the GDT Price Index — in spite of the deepening drought conditions threatening supplies from New Zealand, the world’s biggest dairy exporter, writes Stephen Cadogan. 

Weakness in global dairy markets was reflected in Tuesday’s steep 3.9% auction fall in the GDT Price Index — in spite of the deepening drought conditions threatening supplies from New Zealand, the world’s biggest dairy exporter, writes Stephen Cadogan.