GDT prices continue to slide

Published 15 July 15

At the latest Global Dairy Trade (GDT) auction, prices fell by 10.7%, giving an average weighted price of $2,082/ tonne.

The fall is a further, disappointing indication of more pressure to be placed on wholesale prices. With buyers remaining distant from the market, purchasing only when required, global supply continues to increase. Until the imbalance with demand reduces, the pressure on prices is likely to remain.

If the current conditions for milk production continues globally then the most likely cause for reducing supply in the short term will be from an increase in cullings, in the absence of adverse weather or disease outbreaks. 

 

 GDT prices continue to slide