Dairy markets boosted by GDT result
New Zealand’s third warmest summer ever is a growing factor in rising dairy markets which may help to ease Irish milk producers’ Brexit worries.
Tuesday’s Global Dairy Trade auction brought a seventh consecutive rise in the average product price index, partly due to buyers seeing New Zealand dairy farmers reaching crunch points for feed planning, milking frequency and drying off, due to very dry weather. On Tuesday, the Global Dairy Trade Price Index rose 3.3%, following previous rises of 0.9%, 6.7%, 4.2%, 2.8%, 1.7%, and 2.2%.
