GDT auction continues to offer little optimism

Published 6 May 15

The latest Global Dairy Trade (GDT) auction (5 Tuesday) fell for the fourth consecutive time, down 3.5% compared to the 15 April auction. SMP and AMF prices were the main contributors to the overall decrease, falling 7.5% and 6.3% respectively. Quantities offered of these commodities were higher than forecasted levels and in a market where buyers are few and far between it added further pressure to prices. How long prices will remain under pressure remains dependant on how global production fairs over the coming months.

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