All prices up in latest GDT

Published 18 April 18

The 17 April Global Dairy Trade (GDT) event concluded with the auction’s first positive result since 6 February, with the overall price index up 2.7%. All products on offer had positive changes in price index.

2018.04.19 GDT

Most product price indexes increased by more than the 2.7% average, which was tempered by a relatively modest 0.9% increase in the Whole Milk Powder (WMP) price index. As WMP accounts for a little over half of product sold, this has a heavy weighting on the overall result. The WMP result was likely influenced by Fonterra announcing last week that it was increasing its WMP offer volumes over the next 12 months by another 4,000 tonnes.