GDT auction sees second consecutive fall

Published 2 April 15

The latest Global Dairy Trade (GDT) auction showed a 10.8% decrease in the price index covering all products, following an 8.8% fall in the previous auction. The decreases are likely to be a result of a rebalancing in the auction market following stronger-than-expected increases in the GDT since the turn of the year, so may not be cause for immediate alarm. Many analysts believe that global prices are in a period of stability and it will be until summer/autumn before a recovery will start to take place, albeit with some bumps in the road possible.

 GDT results 02.04.15